This blog talks about how sneaky KYC actors are fooling crypto communities and banks. CertiK’s KYC Team warns about the increase in fraudsters dodging checks, which endangers Web3 projects and institutions. We’ve found three types of these actors and offer tips to stop their scams, emphasizing strong security and careful checks.
Q1: What is a key observation by CertiK regarding KYC fraud?
A1: Fraudsters are hiring professional actors to circumvent due diligence
Q2: What is CertiK's KYC Badge designed to do?
A2: Verify development teams and prevent fraud
Q3: Why do KYC actors target traditional banks?
A3: To open bank accounts and store illicit funds
