I really don't understand how KYC would have been of any help, first, those IDs would have to be real which you have no way of checking,  then you would have to actually go and take action in court for $200, and common, nobody is going to do so, and to actually make this whole thing even crazier I some countries you're not even allowed to request it nor to store it and you would have to be a registered business to do such a thing, the fines for this would totally eclipse the $200.

Anyhow, it was basically a no-collateral loan, and the "newbie" defaulted, somebody took a gamble on a 6/4 bet on the trust you can put in strangers and lost.


Do you really think stake is going to take action based on a screenshot of an account and get involved in this mess? No way!