How Scammers Buy Verified Crypto Exchanges Accounts

It’s crucial for a scammer or a wanted fugitive to buy Verified Crypto Exchanges Account if the (party) does not intend to supply their personal identification documents (ID) on any platform, in most cases it is scammers and hackers that engage in trade of verified platforms account such as PayPal, Venmo, CashApp, SendApp, Wise and more to aid their fraudulent activities such as buying of crypto currency, digital assets or sending and receiving of payments without having to supply their info.

Most wanted fugitives often go by fake Identification documents but original to pass checkpoints and make or receive payments.

What Do You Mean By Fake But Original?

fake but original means it belongs to someone else and it is an original document that can be verified on system but the face or original document owner and the fugitive or scammer is alike. In this situation when a law enforcement officer on duty checks the document on the system and verifies it’s authenticity there’s nothing more to verify so far the far is alike.

Have in mind that using fake but not original document will not work for you either online or offline because you will encounter error if online and if offline in person you will be arrested and charged for impersonation, using of fake document is punishable by law in all jurisdictions,

The Punishment of Forgery in General

Any person who forges any document, writing, or seal, is guilty of an offence which, unless otherwise stated, is a felony, and he is liable, if no other punishment is provided, to imprisonment for three years.

When you are using a fake but original you won’t have to encounter the following error on the snippet

moving forward; most scammers prefer to just buy a verified account on any platform they want if available otherwise they pre-order or initiate a VIP order which means priority order, some buy for Binance, Coinbase, OKX, Inflowbit.com, Changelly, Kucoin, Bybit, Bitcoin.com and more.

The following are the most commonly available exchanges are;

• Binance
• Coinbase
• Kucoin
• OKX

binance is widely used that is why it has always been charged for corruption and money laundering in over 15 jurisdictions, the recent charge was from the US (United States of America) SEC and Nigerian government, Binance was charged for harbouring criminal users on it’s platform in the US and Binance executive and former CEO (chief executive officer) Changpeng Zhao pleaded guilty, he was handed four months in prison for violations of the Bank Secrecy Act during his time at the crypto exchange.

Recently again, the Economic and Financial Crimes Commission (EFCC) of Nigeria accused Binance of laundering more than $35m (£27.5m) through its platform. In a separate suit, Nigeria’s tax authority, The Federal Inland Revenue Service (FIRS) alleged that the company had not registered for remittance purposes in Nigeria and was therefore guilty of tax evasion. Binance was accused of aiding money laundering and manipulation of the Nigerian Naira, the Binance executives was arrested and detained this forced Binance to exit the huge Nigerian crypto market.

Back to Main to Main Topic “How Scammers Buy Verified Crypto Exchanges Accounts”;

Cyber criminals will login after buying the verified account on any of the crypto exchange platform and next is to head straight to the P2P, they will create a P2P order either for “Buy” or “Sell” depending on their needs at that moment, they will use this means to launder money and this is one of the accusations Nigeria government and UK government charged Binance with and forced them out of their respective jurisdictions.

meanwhile, some scammers will use this verified account to defraud unsuspecting victims by opening a “Buy” trade on the P2P platform of either Binance or Bybit, when it’s time to pay they will use MT103 Payment Software to flash illegitimate funds into bank available balance of the “Seller” that created “Sell” P2P order,

What is MT103 Software All About?

MT103 Software is what most banks use but the case here is different because any bank that the scammers use the software to do payment to will have to verify it and before the banking system verifies the legitimacy of this funds the account holder have already seen the money on his or her available balance and will conclude whatever deal or trade then when the banking system verifies this payment and it is not legitimate the system will reject it therefore flagging it and slapping it with a status of “Failed”, kindly refer to example on the following screenshot

this software is on rampage use by millions of scammers and it’s playing a key role in plunging many small businesses and companies into bankruptcy, the following is an initial payment receipt to a Ukrainian Bank generated after the MT103 swift payment software is used to do the payment;

Kindly learn more on MT103 swift payment software here, how it works and how to get it. You can watch the video below 👇

Back to How Scammers Buy Verified Crypto Exchanges Accounts and how to get verified crypto exchange account

To get verified crypto exchange account of any of the following categories you should leave a comment or contact us.

• Binance
• OKX
• Coinbase
• Bybit

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