Jake Chervinsky: KYC makes the public vulnerable to hacking, phishing and identity theft

According to Cointelegraph, after the BitMEX data leak, Comprehensive General Counsel of Jake Chervinsky said that KYC is a double-edged sword. KYC helps law enforcement departments track illegal transactions, but it also makes the public vulnerable to hacking, phishing and identity theft. Now is the time for us to reconsider whether it is worth doing.