Concerns about the company’s handling of personal data have led Hong Kong authorities to initiate an investigation.
Worldcoin, a company co-founded by Sam Altman and Alexander Blania, is currently under investigation by Hong Kong authorities for alleged privacy law violations. The violations are related to the iris-scanning process conducted by devices called Orbs in exchange for WLD tokens.
Hong Kong’s Office of the Privacy Commissioner for personal data accuses Worldcoin of mishandling biometric data and urges citizens not to share such data with the company.
In light of the ongoing investigation, the company has decided to withdraw its Orb devices in Brazil, India, and France. Following this news, Worldcoin has experienced a 9% drop in the last 24 hours.
Worldcoin has recently announced the launch of an updated Orb for the early months of 2024, promising an enhanced iris-scanning experience.
The Worldcoin project has sparked skepticism within the Bitcoin community since its inception.
In response to the launch tweet, user @ze_rusty had stated:
Still on X, another user (@WalkerAmerica) had declared:
