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Do your research on exchanges and other things before doing KYC

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by COINS NEWS 165 Views

So something I ran across years back with my years on this planet is job scams. These types of scams are basically identity theft scams.

How it works in the job world is:

  1. Scammer post a job (the target is the desperate that is working 2 or 3 jobs, but I seen some for highly educated jobs)
  2. The person applies. In the application there is a ton of personal info like schools you went to, places you worked, name, and other things.
  3. They might interview you, and collect more data on you through this way. But for low end jobs they might just send a message to someone that they got hired.
  4. They will send some paperwork over email on normal HR paperwork. Some of it will ask for social security, maybe a scan of your ID, and other info.
  5. Then they will ghost the person from there on. They would use the info you gave them to steal your identity.

Because a lot of time people are desperate or don't know about the scam, they can get hundreds or more people for 1 job.

While I haven't heard much of this happening with exchanges and other things around crypto. It should be noted the type of info you are given out in a KYC. And how much/all the info can be used against you in an ID theft.

The best thing you can do IMO is to do a lot of research into something that wants KYC.

submitted by /u/crua9
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