Byteball - New Identity Thieves On The Block
Perhaps you've heard about Byteball, some kind of new small payment system it says, with a neat small wallet. It uses DAG and even looks surprisingly similar to IOTA, the other big scam.
But unlike and "better" than IOTA which is merely a black hole for lost funds they are largely on the hunt for personal data and ID, but you will lose both, funds AND your ID details.
How does it work. Through their wallet built in "chat" and a telegram group you agree to enable a number of different access rights and provide info you would normally not do. Why would you? Because they promise you direct cash rewards, something like 12$ for "real name verification", which is the very first on the list, before email (!).
To do this you however have to pay first for "using the service" which cost 8$, and obviously the verification fails (after you've sent them a copy of your ID and pic). If you want to try again you need to pay 8$ again and so on.....nice rip of so far.
But it continues, after you spent those 8$ for the failed "real name verification" they offer you another 10$ for "email verification". Which of course never arrives.
So you have spend 8$ in real money, sent them your ID, picture and email address and they are free to do with it whatever they want.
Pretty perfect identity theft in my opinion.
STAY AWAY!
DAG (Directed Acyclic Graph) they use is unlike blockchain untraceable. Hundreds of people lost money because of this with IOTA. This seems to be the next "big thing" for DAG.
You are aware, that Byteball does not actually receive any of your information, right? And you are aware, that Jumio is the company, that also does validation of user details for eBay?
I definitely understand your frustration that your verification failed for some reason and that you lost your money, but the $8 you spend, went to Jumio.
You haven't provided any information which type of ID you tried to use for the verification. I used a Danish drivers license and after I managed to take a picture of the card without glare on it (took a few discarded pictures to make sure the text stood out clear and there was no glare, but the process actually allows you to do this), the validation went through.
I might be a special case, only to make it seem legit, but I actually went on and recommended friends to go do the attestation too. Of 6 attempts, one failed, but it was quite obvious that the letters on the card wasn't readable.
My guess is you tried to use some ID that either wasn't a card or that the quality of your image caused it to be unreadable.
You're of course free to feel cheated or scammed, and I understand your frustration. I'm just saying that Byteball really has nothing to do with the actual attestation (and doesn't get the $8 that Jumio charges for an attestation attempt) If you successfully attest your identity, Byteball pays you the reward though. That doesn't come from Jumio.
Well, it's good news that it appears to work for some at least. So it may not be a total scam.
But why there is not a second attempt to retry? Just a second charge?
Questions in Telegram however remained unanswered and for me I consider this whole endeavor a scam and as I wrote identity theft. Only time will tell. Good luck!
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