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?
I was thinking about criminal acts and stolen identities, but so far I haven't heard anything similar to the method you shared. So far to do the KYC in the ICO project, it has never occurred to me, because the guarantee of personal information security is not available, even though they say the information will be safe. Be careful when submitting personal information, because personal information is very confidential.