Dedicated Telegram Channel Uploading KYC Documents Which It Claims Are Binance User

Cryptoinformers || AUGUST 7, 2019

A dedicated Telegram Channel is unveiling users KYC documents which it claims are obtained from Binance exchange. The channel currently has more than 9,000 members and it's growing by thousands in a matter of minutes.

Although the materials posted to the group lacks the digital watermark which Binance uses for its internal information, this could pose greate threat on its users, and it privacy could be in doubt.

The CEO of Binance exchange  has refuted claims hackers gained access to confidential user information such as personal ID.

In a tweet Aug. 7, Changpeng Zhao described rumors circulating about the alleged know-your-customer (KYC) data leak as an attempt to spread “FUD” (fear, uncertainty and doubt).

“Don't fall into the ‘KYC leak’ FUD. We are investigating, will update shortly,” he wrote.

Binance is one of the world’s largest cryptocurrency platforms by volume. Last month, it introduced margin trading in a competitive move against market giant BitMEX. 

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