But under the guise of crypto verification, scammers have come up with a way to steal clients’ money called a KYC scam.
Most often, criminals disguise their service as a completely legal crypto exchange, payment system or trading platform. The founders of the project order expensive advertising and try to convince clients that they are acting officially and legally. But in the rules for using the service, scammers specifically indicate some tricky points. For example, the rule that the administration can block or confiscate any assets if it considers them suspicious. Or that the company has the right to suspend transactions for an unlimited period.
Most often, criminals disguise their service as a completely legal crypto exchange, payment system or trading platform. The founders of the project order expensive advertising and try to convince clients that they are acting officially and legally. But in the rules for using the service, scammers specifically indicate some tricky points. For example, the rule that the administration can block or confiscate any assets if it considers them suspicious. Or that the company has the right to suspend transactions for an unlimited period.