The Practice Of Buying And Selling Crypto Accounts, Tokocrypto Emphasizes Education And Collaboration

JAKARTA - The actors in the crypto industry are starting to see new concerns regarding the rampant practice of buying and selling accounts and misuse of personal data in the digital world.

One of the modes that are increasingly being found is the sale of verified accounts (KYC) on social media, as well as the use of other people's identities to access digital financial services, including crypto platforms.

In addition, cases of hacking involving deposit balances to crypto exchange platforms from hacked e-wallet accounts have also increased. Phishing via instant messages is also a serious spotlight amid the rapid growth of the fintech and crypto industry.

Tokocrypto CEO, Calvin Kizana, stated that this trend should be a serious concern. He emphasized the importance of improving the security system while strengthening education to the public.

"We have received many reports of buying and selling KYC accounts on social media which are quite disturbing. This can be used for fraudulent activities, money laundering, and other digital crimes," Calvin said in his statement quoted Monday, June 16.

According to him, the perpetrators took advantage of security loopholes and low digital literacy of users to disguise themselves as official institutions, then spread links containing malware or fake sites to steal personal data and access to user accounts.

Given this, Calvin appealed to the public not to be tempted to sell or buy crypto accounts, and not to use illegal KYC verification services.

"In addition to violating the law, this practice also risks the security of personal data," said Calvin.

In addition to improving the security system, Calvin also emphasized the importance of cross-sectoral cooperation as a long-term prevention strategy for various types of digital fraud that are increasingly complex.

Through this approach, Tokocrypto hopes to strengthen public confidence in the crypto industry as well as become part of a solution in creating a healthy and secure digital ecosystem.

"With synergy and shared awareness, the Indonesian crypto industry can grow in a healthy, safe and sustainable manner," concluded Calvin.