Some have speculated that terrorists have discovered a way to use the platform crypto currency to gather identities from different people from all over the world. use their identities for terrorist activities. From threads that i have seen, there are people thinking that some ICOs are used to fund terrorist acts by luring investors into investing into their companies, getting KYC in exchange of money, gather a large sum of it and then run away with big bags of bucks.
IMO, these scenarios have big possibilities since there is the anonymity factor feature of crypto currency, we really do not have the knowledge as to whom and where the money will go for when it was transacted in cyberspace.
what are your thoughts on this?
It is possible and could possible be happening already. There is a lot of projects conducting ICOs that run away after theyve gathered enough fund. Posting some whitepapers to represent their project only as a front but nothing of anything written will actually happen. That could be for different purpose or we dont know if real terrorists are behind these activities.