According to @KookCapitalLLC, a Chinese device allowing users to switch between hundreds of SIM cards with a simple switch is being used as a closely guarded secret among major crypto venture capitalists. This tool lets operators rapidly change identities on mobile devices, making it possible to bypass Know Your Customer (KYC) and anti-fraud measures on crypto exchanges and DeFi platforms (source: @KookCapitalLLC on Twitter, June 14, 2025). For traders, the existence of such technology highlights increased risks of identity-based exploits, market manipulation, and regulatory crackdowns in the crypto space. Awareness of these devices is crucial for risk assessment, especially for those trading on platforms with weak KYC or in regions with less stringent enforcement.