{"id":511776,"date":"2022-11-18T06:48:27","date_gmt":"2022-11-18T03:48:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-scammers-are-using-black-market-identities-to-avoid-detection-certik\/"},"modified":"2022-11-18T06:48:27","modified_gmt":"2022-11-18T03:48:27","slug":"crypto-scammers-are-using-black-market-identities-to-avoid-detection-certik","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-scammers-are-using-black-market-identities-to-avoid-detection-certik\/","title":{"rendered":"# Crypto scammers are using black market identities to avoid detection: CertiK"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23b0d073761\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23b0d073761\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-scammers-are-using-black-market-identities-to-avoid-detection-certik\/#%E2%80%9D_Crypto_scammers_are_using_black_market_identities_to_avoid_detection_CertiK_%E2%80%9C\" >&#8221; Crypto scammers are using black market identities to avoid detection: CertiK &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_scammers_are_using_black_market_identities_to_avoid_detection_CertiK_%E2%80%9C\"><\/span>&#8221; Crypto scammers are using black market identities to avoid detection: CertiK &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvN2ZlNmNjNTMtZDk2MC00ODQzLTkwN2MtMzFiYmI5MWJkOTQyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-887bb764>Crypto scammers have been accessing a \u201ccheap and easy\u201d black market of individuals willing to put their name and face on fraudulent projects \u2014 all for the low price of $8, blockchain security firm CertiK has uncovered.\u00a0<\/p>\n<p>These individuals, described by CertiK as \u201cProfessional KYC actors\u201d would, in some cases, voluntarily become the verified face of a crypto project, gaining trust in the crypto community prior to an \u201cinsider hack or exit scam.\u201d<\/p>\n<p>Other uses of these KYC actors include using their identities to open up bank or exchange accounts on behalf of the bad actors. <\/p>\n<p>According to a Nov. 17 blog <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.certik.com\/resources\/blog\/pw0wcH6To6Jq78aJwJKng-unveiling-the-kyc-actor-industry\">post<\/a>, CertiK analysts were able to find over 20 underground marketplaces hosted on Telegram, Discord, mobile <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s, and gig websites to recruit KYC actors for as low as $8 for simple \u201cgigs\u201d like passing the KYC requirements \u201cto open a bank or exchange account from a developing country.\u201d<\/p>\n<p>Pricier jobs involve the KYC actor putting their face and name on a fraudulent project. CertiK noted that most actors are seemingly exploited as they are based in developing countries \u201cwith an above-average concentration in South-East Asia\u201d and paid around $20 or $30 per role.<\/p>\n<p>Meanwhile, more complex requirements or verification processes could fetch an even higher asking price, particularly if the KYC actors are residents of countries considered a low money laundering risk.<\/p>\n<p>Some roles paid up to $500 a week if an actor was to play the role of CEO for a malicious project but the KYC actor market was \u201cmarginal\u201d compared to the market for already KYCed bank and crypto exchange accounts according to CertiK.<\/p>\n<p>Crypto to fiat \u2014 or vice-versa \u2014 conversions were also cited as a significant percentage of the transactions seen on these marketplaces with CertiK calculating that more than 500,000 members in marketplace sizes ranging from 4,000 to 300,000 were buyers and sellers on these black markets.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Scary stats: $3B stolen in 2022 as of \u2018Hacktober,\u2019 doubling 2021<\/em><\/strong><\/p>\n<p>CertiK warned that over 40 websites claiming to vet crypto projects and offer \u201cKYC badges\u201d are \u201cworthless\u201d as the services are \u201ctoo superficial to detect fraud or simply too amateur to detect insider threats.\u201d <\/p>\n<p>They added the teams behind these websites are \u201cmissing the needed \u201cinvestigation methodology, training, and experience\u201d meaning these badges are then leveraged by scammers to mislead the community and investors.<\/p>\n<p>That being said, the industry has been working hard and is gaining ground in its fight against crypto scammers. A\u00a0tool released in October by traditional finance giant Mastercard combines artificial intelligence and blockchain data to help find and prevent fraud.<\/p>\n<p>Contrary to popular belief, the open nature of blockchain transactions means it\u2019s harder for fraudsters to hide the movement of funds. Another recent example has been the work of\u00a0French authorities using on-chain analysis to find and charge five people who stole nonfungible tokens (NFT) through a phishing scam.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-scammers-are-using-black-market-identities-to-avoid-detection-certik\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto scammers are using black market identities to avoid detection: CertiK &#8220; Crypto scammers have been accessing a \u201ccheap and easy\u201d black market of individuals willing to put their name and face on fraudulent projects \u2014 all for the low price of $8, blockchain security firm CertiK has uncovered.\u00a0 These individuals, described by CertiK&#8230;<\/p>\n","protected":false},"author":1,"featured_media":511777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvN2ZlNmNjNTMtZDk2MC00ODQzLTkwN2MtMzFiYmI5MWJkOTQyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75023,74868,76174,75141,71006,71101],"class_list":["post-511776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-scams","tag-defi","tag-identity","tag-kyc","tag-fraud","tag-scams"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/511776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=511776"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/511776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/511777"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=511776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=511776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=511776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}