<ul><li>Crypto on-chain analyst ZachXBT created a fake account on Gate.io under the name of North Korea's leader, Kim Jong-Un, to test the credibility of its KYC process.</li><li>ZachXBT alleged that the fake account was approved within minutes and that the KYC-1 basic verification level allowed the account holder to withdraw up to 100,000 USDT daily.</li><li>The analyst repeated the process with fake names and email addresses tied to the OFAC sanctions list, and all were approved by Gate.io.</li><li>It's not clear whether ZachXBT forged any ID documentation to create the fake account, and Gate.io did not respond to Benzinga's request for comment.</li></ul>

Fake Kim Jong-Un account gets KYC-approved on popular crypto exchange

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