Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » How a Security Flaw Could Have Exposed Worldcoin Users to Data Theft and Market Manipulation

    How a Security Flaw Could Have Exposed Worldcoin Users to Data Theft and Market Manipulation

    0
    By jose on August 4, 2023 Companies, Cryptocurrencies, News
    How a Security Flaw Could Have Exposed Worldcoin Users to Data Theft and Market Manipulation
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Worldcoin is a cryptocurrency project that aims to create a global digital currency by scanning the irises of every person on Earth. The project uses a device called Orb, which collects biometric data from users and rewards them with Worldcoin tokens. 

    However, a recent security report revealed that Worldcoin faced a major vulnerability that could have compromised its operations and users.

    Although the Problem Was Fixed, It Still Remains a Major Concern for the Crypto Community

    According to CertiK, a blockchain security company, Worldcoin had a flaw that could allow hackers to bypass the verification process and become fake Orb operators. CertiK discovered the vulnerability on May 29, 2023, and reported it to Worldcoin’s security team, who confirmed and fixed the issue.

    1/ On May 29th, CertiK reported a security vulnerability to #WorldCoin’s security team that could potentially allow an attacker to become an Orb operator by bypassing the verification process.

    — CertiK (@CertiK) August 3, 2023

    The vulnerability could have posed significant risks to Worldcoin’s users and token holders. A fake Orb operator could potentially collect and misuse users’ iris information, which is a sensitive personal data point for identity verification. This could lead to severe privacy violations and potential identity theft.

    Although the Problem Was Fixed, It Still Remains a Major Concern for the Crypto Community

    Moreover, a fake Orb operator could also claim Worldcoin tokens fraudulently by conducting fake scans. This could increase the supply of Worldcoin tokens on the market and cause a sharp drop in the token’s price. The Worldcoin market could become unstable due to price manipulation, which could negatively impact legitimate investors and users.

    CertiK has announced that they have verified and confirmed that the vulnerability in Worldcoin’s operations has been successfully mitigated. The specifics of the vulnerability and how it was addressed will be made public at a later date.

    CertiK has no affiliation with Worldcoin. The disclosure of the vulnerability was a standard whitehat disclosure, a common practice in the cybersecurity industry where security researchers inform companies of vulnerabilities found in their systems.

    Despite the concerns raised by this incident, there is currently no information indicating that Worldcoin’s users are in danger of a data breach. However, Worldcoin’s plan to collect biometric scans of every person on Earth has attracted criticism from privacy advocates and crypto experts.

    Cyber Security Featured worldcoin
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    jose

    Related Posts

    VisionSys AI to place up to $2 billion into a Solana treasury with Marinade Finance

    October 1, 20252 Mins Read

    White House withdraws Brian Quintenz’s CFTC chair nomination after clash with the Winklevoss brothers

    October 1, 20252 Mins Read

    Aave Released Horizon permissioned RWA market for institutions

    October 1, 20252 Mins Read

    SunPerp, TRON’s first perpetual futures DEX, nears $30M TVL

    October 1, 20252 Mins Read

    Institutions besides ETFs now hold over 9% of all ETH

    October 1, 20252 Mins Read

    Bot Activity in Stablecoins Accounted for Over 70% of Trading Volume

    October 1, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.