Worldcoin has not yet been launched, but scammers have already figured out how to cheat the identification system
The Worldcoin token was supposed to launch within the next few weeks. But fraudsters have already figured out how to cheat the system, The Block reports. The project from ChatGPT creator Sam Altman is being forced to change security measures.
According to the developers’ plans, the Worldcoin token will be issued to users. Who have been identified by iris scanning. The technology scans the eye and creates a digital World ID for the user based on that. Which can be used “in a wide range of everyday applications without revealing identity,” the company said. More than 1.7 million people have already signed up for the project.
On May 18, the Chinese publication BlockBeats, reported that the residents of China, where people can not register. to get Worldcoin tokens, buy iris scans made in Cambodia and Africa for as little as $30. A Worldcoin spokesman acknowledged the incidents. But stressed that the problem was limited to “a few hundred cases.”
“Through continuous threat monitoring and awareness, the Worldcoin team uncovered suspicious activity where people were encouraged to create a World ID, which was then sent to a third party,” they said.
Worldcoin has taken a number of steps to try to address the problem. And including “adjusting the initial in-person registration process” and implementing dynamic and static QR codes.
The illegal sale of IDs will also be able to prevent them from being returned to the user via a repeat eye scan, the developers believe. However, earlier Worldcoin claimed. About not storing iris scans to exclude the risks of losing confidential data.
The company admitted that despite all these precautions. They don’t fully protect the system from fraudsters’ attempts to circumvent the “one person, one proof” principle.
Our experts note that solving these problems will require innovative ideas in the development of mechanisms and attribution of social relationships.
Related Posts
How the crash of banks in the U.S. affects crypto market
Our experts told us how the banking crisis in the U.S. affects the prices of...
U.S. regulators declared war on BUSD and basically on all stablecoins
Attack of American regulators on BUSD and what consequences will face Binance from...