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Binance offering up to $290,000 bounty to catch cryptocurrency KYC extortionist


TNW
KYC
Binance
Bitcoin
BTC
FUD
Binance KYC
@DoveyWan
Twitter
Telegram
CZ


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Changpeng Zhao
CZ Binance
Dovey Wan

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2019It
Amsterdam

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The New York Times
SOURCE: https://thenextweb.com/hardfork/2019/08/07/binance-290000-bounty-cryptocurrency-extortionist/
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Summary

The exchange is also giving a reward of up to 25 BTC ($290,000) to anyone that can help catch the miscreant.According to an announcement from Binance, – released less than 2 hours ago – the individual claims to posses 10,000 “selfie” images that hold some similarities to the exchanges know-your-customer (KYC) data.It seems that hundreds of the alleged KYC images have been leaked to Telegram.https://twitter.com/AndyGST1/status/1158983746890153986Binance‘s CEO, Changpeng Zhao, tweeted shortly after saying the “KYC leak” was FUD (fear, uncertainty, doubt), a strategy used to damage the reputation of cryptocurrency businesses.Don't fall into the "KYC leak" FUD. The images being shared on Twitter and Telegram do not have the digital watermark that is imprinted by Binance.Binance says it’s currently investigating with the provider to find more information about the data leak.CZ has denounced those that are further sharing the leaked images, saying they are helping and giving unnecessary attention to the situation.I would like to add, by joining or spreading the link of the telegram group, you are helping malicious hackers (at least giving attention).

As said here by Matthew Beedham