The report uncovered fake crypto KYC actors who earn between $8 and $500 per gig, depending on the requirements.
During its investigation, the security firm identified a KYC actor who agreed to share detailed information about the industry. The actor claimed he had been in the business for three years and provided links to marketplaces where he got his gigs.
The marketplaces are mostly hosted on Telegram, Discord, some low-requirement phone apps, and ads on gig websites. Upon agreement, both parties will use an escrow service for the payment.Interestingly, the actors earn small amounts for each role. Depending on the gig requirements, some make as low as $8. The interviewee disclosed that he earned between $20-$30 per deal.
“This sad situation is unfortunately not surprising as we know that the modern scamming industry has no shame in organizing human trafficking and slavery for their benefit,” CertiK wrote.process to open a bank or exchange account from a developing country are rated low, while more complex verification processes cost more. For instance, the firm identified one actor who earned $500 a week for acting as the CEO of a crypto project.
CertiK said it discovered over 500,000 members who were either sellers or buyers of fake KYC badges. Through further analysis, the firm discovered that over 40 websites had run such fraudulent ads, with more than 2,000 badges already issued.
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