Skip to main content
Learn

How Can a KYC-verified Person Still Engage in Fraudulent Activity?

KYC confirms identity, but not ethical intent or competence, allowing for fund mismanagement or soft rug pulls.
Greeks.Live17.11.25

How Can a KYC-verified Person Still Engage in Fraudulent Activity?

KYC only confirms the person's identity, not their moral character or future intent. A verified person can still launch a project with no intention of delivering, mismanage funds, or engage in a soft rug pull.

The verification makes them legally traceable, but it doesn't prevent them from committing fraud or being incompetent.

How Does a Decentralized Autonomous Organization (DAO) Structure Help Prevent Rug Pulls?
What Is the Difference between a Soft Rug Pull and a Hard Rug Pull?
Can an ICO’s Tokenomics Be Designed to Prevent a Soft Rug Pull?
How Do Market Makers Influence the Perception of a Soft Rug Pull?

About

Contact

Editorial Policy

Terms of Service

Privacy Policy

Cookie Policy

© 2025 Greeks.Live

All Rights Reserved

Greeks.Live RFQ

Build by Noo on Engine

Source: The content on this website is produced by Greeks.live's proprietary analysis systems, which utilize advanced Large Language Models (LLMs). This information might not be subject to a full human review before publication and may contain errors.
Responsibility: You should not make any financial decisions based solely on the content presented here. We strongly urge you to conduct your own rigorous due diligence and to consult a qualified, independent financial advisor.
Purpose: All information is intended for informational purposes only. It should not be construed as financial, investment, trading, or any other form of professional advice. News and data are not trading signals.
Risk: The cryptocurrency, derivatives, and options markets are highly volatile and carry significant risk. By using this site, you acknowledge these risks and agree that Greeks.live and its affiliates are not responsible for any financial losses you may incur.