Tag: KYC
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Binance’s KYC Data Hacked; Changpeng Zhao Addresses The Issue – The Risks Of KYC Surpass Benefits
KYC verification is surrounded by massive controversy these days following the latest events. According to the latest reports, Binance’s KYC data was hacked, and the info has been uploaded into a Telegram Group that’s called “Find Your Binance KYC.” There are more images of people holding their IDs for the exchange’s verification process which have…
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Changenow.io is Requiring KYC/AML just like Changelly did holding user funds hostage
About a month ago, a Reddit and BitcoinTalk user, dubbed as ni23457, generated some buzz when he accused ChangeNow cryptocurrency exchange platform of stealing 100 Bitcoin Cash (BCH), about 11 Bitcoin (BTC), at that moment, after the company asked him to provide ID documents to fulfill KYC/AML verification. The respective user described the whole situation…
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LocalBitcoins demands Know-Your-Customer (KYC) verification to buy or sell.
Recent news circulating through the social news aggregation site, Reddit, has made it apparent that Localbitcoins traders have been having to verify their identity when trading using the peer-to-peer platform. Although this has mostly been noted in cases of those wanting to trade ‘significant’ volumes, it has caused a shake-up within the market, seeing alternatives…
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Is the cryptocurrency exchange HitBTC stealing from users?
Frozen funds, excuses and confusing messages – there is a growing stack of evidence to suggest that HitBTC, the cryptocurrency exchange, is scamming some users. What is now happening is the culmination of some concerning events in recent times. HitBTC advertised initially saying that they did not need any ID from customers to facilitate exchanges…