DPRK IT Workers Bypass Synaps KYC
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According to ZachXBT, at least two IT workers from North Korea (DPRK) have successfully passed the Know Your Customer (KYC) process of Synaps. This raises concerns about the effectiveness of KYC measures in detecting and preventing unauthorized access by individuals from sanctioned countries. Crypto traders should be aware of potential vulnerabilities in KYC processes that might allow sanctioned entities to participate in crypto markets.
SourceZachXBT
@zachxbtZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space