Warning! Sergei Shatrovoi made large sums of money on cryptocurrency exchanges through deception. We are talking about deliberately misleading exchanges.
So, we received various reports from the exchanges that Sergei scammed the exchanges using fake documents and proof of the address where he lives (America mentioned in the documents, although this is not true).
Also he creates fake messages with different names like @voron7477. And on many exchanges, he registered as firstname.lastname@example.org.
When exchanges blocked him, he posted messages accusing the exchanges that were blocking him of making up a story.
Note that some exchanges have already filed a complaint with Interpol.
We urge other exchanges that receive documents from this person to be very careful! And remember the AML policy, which exchanges must respect, such people should not go unpunished and should be excluded from the cryptosphere.
He has repeatedly tried to deceive crypto exchanges by creating groups and messages with different names. At the same time, not pleading guilty.
KYC / AML – new fashion or real necessity?
Abbreviation KYC stands for Know Your Client and AML stands for Anti-Money Laundering. Work in these two areas is closely related to each other. It includes the study of the identity of the client and the origin of large amounts in the accounts. This implies some familiarity with the users. For example, for full-fledged work, they asked to go through authorization, verify their identity, link a bank card, and so on.
However, as we can see, in some cases, scammers still manage to outwit the exchanges. Sergei Shatrovoi used a sophisticated fraudulent that even experienced crypto exchanges fall for. He registered on exchanges with fake contact information and documents.
In order to pass identification: he uploaded copies of fake documents to the sites of exchanges, that is, having changed personal data in Photoshop before that. The site administrators did not notice the catch, and it passed the test with ease.
This indicates the imperfection of the means of protection.
Should trading platforms be validating their clients? Obviously, the answer is yes.
Implementing customer identification practices is very important for the cryptocurrency industry.
Some users do not want to go through authorization, they are looking for decentralized and unregulated exchanges. However, such exchanges expose themselves to the danger of being deceived.
KYC and AML in today’s realities are a necessity, which acts as a form of protection for both clients and exchanges.
The rise in the value of cryptocurrency and investments in it has led to an increase in fraud in recent months.
That is why the modern world is increasingly striving to remove anonymity from financial circulation. Financial security is number one in the activities of all organizations.
However, sometimes even KYC and AML policies fail to protect against fraud risks.
In this case, exchanges turn to Interpol, which engaged in the suppression of illegal activities and cryptocurrency crimes.
In the case of Sergei Shatrovoi, if he is found guilty on all charges, he faces up to 20 years in prison.
With regard to exchanges, we urge you to be careful and thoroughly verify the identity of customers.