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1) We've been working, in the background, on finding more systems we can add to our KYC process. As we mature as a company, we've been building out our checks, finding and incorporating more signals.

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SBF

@SBF_FTX

Aug 9, 2021

2) A month ago, we added a check for you phone number's jurisdiction. We now have another integration which will help us add more nuance to the process.

SBF

@SBF_FTX

3) We check users' phone numbers against their submitted names in KYC1, in order to further verify them. When this doesn't work or there isn't data, we'll require KYC2 to access some features of the site, including futures.

6:49 AM · Aug 9, 2021Twitter Web App

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4) Meanwhile, we'll continue searching for more tools to confirm identity, hopefully while minimizing the hassle for users. This should also help KYC on ftx.us run smoother.

SBF

@SBF_FTX

Aug 9, 2021

5) And, as always, our users' funds and safety come first. We will always allow withdrawals (except in cases of suspected money laundering/theft/etc.). And we require 2FA/etc. for all accounts to help prevent theft.

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I assume this only applies to submitted phone numbers? How would one check a number against a name? Do you use one of those legacy phone books lol