I am not talking about verification in crypto world. What I mean is that once your KYC Data are in the hand of fraudsters, they can buy goods in your name. They can open a bank account for money laundering. All that illegal stuff what will be accomplished in your name then. So will your stolen ID Data marked for the future?
That is what worries those who do KYC carelessly their ID data will be sold on the black market and of course it will be easy to access all the credits we have and hackers have a way to do this so it needs to be considered if you want to act with your KYC.