Getting Ready for DeFi Regulation: The Role of Portable KYC
As regulators step up their scrutiny of DeFi, participants will need to improve compliance with AML and KYC and simplify the process for customers.
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OKX: The platform will upgrade the KYC process
18/08/2023 20:51
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OKX Hit by AI Face-Swap "KYC Breach"! Over $2 Million in Assets Stolen with Fake IDs - What Happened?
AI scams are rampant. Cryptocurrency exchange OKX recently revealed that hackers used AI to forge fake IDs and create fake video avatars, successfully breaching a user's account and stealing $2 million in assets. OKX responded that the case is currently under judicial process and details cannot be disclosed at this stage.
SanyaTerra Luna Classic Community Approves Proposal for KYC Procedures
LUNC community approves Proposal 12033 for mandatory KYC, enhancing Terra Luna Classic's security and fostering confidence.
EdmundAI-Generated Fake IDs Bypassing OKX KYC Checks? The Chaos of OnlyFake Emerges
OnlyFake, an underground website, uses advanced neural networks to create lifelike fake IDs, challenging cybersecurity and ID verification, and posing significant risks to financial and online security.
MiyukiHow Did OnlyFake Slip Through the Cracks of OKX, Binance’s KYC/AML with Fake IDs?
OKX's weak verification methods, coupled with platforms like OnlyFake, raise concerns over widespread identity fraud in online transactions.
JoyAre non-KYC crypto exchanges as safe as their KYC-compliant peers?
While most crypto exchanges have begun implementing KYC mandates, investors still have the choice to opt for crypto exchanges that promote greater anonymity by not imposing KYC.
CointelegraphAML and KYC: A catalyst for mainstream crypto adoption
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.
CointelegraphKnow thy customer: The future of KYC in crypto
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer.
CointelegraphEdge announces confidential no-KYC digital currency Mastercard
The company said there will be a $1,000 daily spending limit, but no personal information is required.
CointelegraphDEX and KYC: Are they incompatible, or can they have both?
Decentralized exchanges must figure out how to improve their KYC compliance before the wave of regulation arrives.
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