KYC Actors are Ramping Up Their Game

CertiK's report exposes a growing underground market of fake KYC 'actors' used to fraudulently obtain verification and deceive crypto communities and banks; it categorizes low/medium/high-level actors, presents a case study of actors hired to impersonate a project team, details how fake KYCs facilitate opening bank accounts and laundering funds, and describes CertiK's enhanced due-diligence methods (including a KYC Badge) to detect and mitigate this fraud.