For someone to be convinced to lend their KYC to others, it’s safe to assume they’re getting some form of compensation. But ask yourself, will that reward ever be bigger than the risk? Of course not. The risk is huge, so if you’ve even been thinking about doing this, stop now and understand what you’re really getting into.
Identity Theft: Once you submit your personal info, and if that website ever gets hacked, your data is out there forever. It can be used for all kinds of online transactions, legal or illegal, and that can haunt you in the future.
Privacy Exposure: Many of us chose crypto because of privacy, but now KYC has become the norm. To keep playing, some people give in and submit. Even though casinos are required to keep it confidential, hacks and breaches happen. If that data gets stolen, you lose the privacy you came here for.
Legal Liability: This is the biggest risk. If your KYC ends up tied to something serious like money laundering or terrorism, authorities won’t hesitate to go after you. And since it’s your name on the account, you can’t simply deny it, you already submitted your documents.
Bottom line... these days you can’t just trust anyone who asks to “collaborate” with you on KYC matters. The payout isn’t worth the risk.
I don't think anyone here would lend their identity or KYC to anyone, not even their friends. However, thank you for reminding us that identity matters are very sensitive, so carelessly giving out your identity, including lending it to someone else for gambling sites, is very dangerous and has the potential for misuse. This can happen, and it might not happen immediately, but in the long run, misuse can occur unexpectedly, severely harming the original owner of the identity. Therefore, giving someone their KYC or identity to someone else is a big mistake.