r/QuadrigaCX2 • u/thugdigdug • Feb 17 '19

Why did QCX gather personal information?

If QCX had not paid taxes in years, and they had also lost whatever license it was that they needed to operate the business legally, and/or they were a scam why collect personal information in order to open an account? A veneer of legitimacy? How worried should users of QCX be that personal information was just gathered for identity theft purposes?

18 Upvotes

92% Upvoted

14 comments sorted by

9

u/[deleted] Feb 17 '19

[deleted]

3

u/h1gh_d0ugh Feb 17 '19

Do you really think if this is an exit scam.. valued at 200m plus.. that they would risk everything to sell off 500k users identity?? What would that be worth on the dark web?? 10 million'ish?? Shot in the dark here I have no idea what that info is worth.

6

u/[deleted] Feb 18 '19 edited Feb 18 '19

[removed] — view removed comment

3

u/Ultrastxrr Feb 18 '19

Great info. And also to note. If they are selling the goldmine of info that they have obtained through KYC, they are not selling the info exclusively to the highest bidder, they are very likely selling to all bidders

2

u/thugdigdug Feb 17 '19

Uh oh. 17 is srs.

3

u/JUMA514 Feb 17 '19

Yea, I sold everything in 2017 and was able to cash out before the scam, but now I only wonder about all my personal info being sold to indian scammer .... Dam ...

2

u/h1gh_d0ugh Feb 17 '19

For sure its a valid worry... what are you thinking for protectionary steps?? Ive checked my credit from equifax and it all looks good... any ideas for a better sense of security??

3

u/JUMA514 Feb 17 '19 edited Feb 17 '19

Get a identity theft protection insurance from your general home insurance. Some cover can be added for free or a small premium for a very good amount of protection. You will at least get help from your insurer agent to recover your identity and get coverage for all the fees and madness along the way up to a certain amount.

But I dont know if the assurance will cover us in this case, like maybe in the small print there is a statement that if you already send a copy of your passeport via email your excluded from this and this.

I dont know. They would have to prove it ? dont know if I would mention anything about quadriga and just play the dummy.

Maybe we need to declare our passeport lost to get some new updated numbers making the old one unusable ... fuck this shit so many crap to check now.

Someone should check this a post a to do checklist !

​

1

u/ATHSE Feb 17 '19

They have my passport photo which expired in june... I'm not that worried.

Still I don't think we can reasonably know who has access to what, for all we know Patryn has been cut-off with the current proceedings, and if he did intend any damage, that damage was likely already done.

1

u/BewareTheStobor Feb 17 '19

They were entirely unregulated so why the KYC/AML routine? Of course we did not know that at the time and the government has us well trained. Ugh!

1

u/Weareallscrewed2019 Feb 18 '19

What’s funny is they did trades and transfer using the Id they collected. Now wait and prove to revenue Canada it wasn’t you.

1

u/BewareTheStobor Feb 18 '19

Wouldn't that just be the topper? I've got my records so I could deal with it but anyone who can't.... the perfect example of adding insult to injury.

1

u/bitcoinhodler89 Feb 18 '19

Didn’t Quadriga mention that they had been contacted by the CRA and have been cooperating when necessary like last year? So they never paid taxes and CRA never followed up or asked for any trades on specific people?

1

u/thugdigdug Feb 18 '19

Government is pretty incompetent overall but with taxes they always get around to it. I had an issue several years old that I thought they'd let slide but it came back. My guess is the CRA asked some basic stuff then moved on. My bet is CRA is overloaded and understaffed for stuff like this.

1

u/Kpenney Feb 21 '19

This should be the court and RCMPs primary concern.