People Selling ‘Fully Verified’ Crypto-Exchange Accounts On the Rise

in cryptocurrency •  7 years ago 

 Over the past few months, cryptocurrency exchanges across the globe have been swamped with new customers looking to trade or acquire digital assets. Trading platforms have been having a hard time keeping up with the new registrants. Users are complaining that identity verifications are now required and take weeks to process, while some exchanges are not accepting new customers at all. This has led to rise of individuals selling “fully verified” accounts for a variety of popular digital currency platforms. 

Article: https://news.bitcoin.com/people-selling-fully-verified-crypto-exchange-accounts-on-the-rise/

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This sounds really risky for both the buyer and the seller. For the buyer, the seller may be able to recover the account (and withdraw any crypto the buyer has in it). For the seller, it will look to the exchange as if it has never been sold, so if the buyer does anything suspicious (like launder ransomware payments) the police may get the account sellers information from the exchange and come knocking on their door.

I think Only Bitcoin is Unstoppable @southforce