This blog uncovers a clandestine network of KYC (Know Your Customer) actors employed by deceitful developers to defraud Web3 communities. After conducting interviews with these bad actors and in-depth investigations into underground markets, CertiK exposes the dark reality of the KYC industry. To mitigate risks, CertiK advocates for comprehensive background investigations conducted by experienced criminal investigators to truly verify project teams and ensure transparency and accountability within the crypto industry.
Q1: What insight did CertiK gain from a KYC actor?
A1: Passing regular verifications is easy
Q2: What is the primary purpose of employing KYC actors according to CertiK's findings?
A2: To steal funds from investors
Q3: What is essential for due diligence in Web3 start-ups according to CertiK?
A3: Thorough background investigation by professional investigators
