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KYC is responsible for the largest, and most dangerous data breaches. The solution is simple though: cryptographic attestations (ZK or FHE based). But that isnt enough currently as regulation forces you to actually have the user data for compliance.. Something needs to change ASAP
26.7. klo 10.55
Tea required users to upload selfies and IDs, and collected IP addresses.
This week, that data was leaked.
It never should have been collected. It’s a liability.
We need to stop normalizing KYC and unnecessary data collection online.
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