Crypto Iris Scans Raise Red Flags, Says China’s Ministry of State Security
Main Idea
China's Ministry of State Security (MSS) has issued a warning about cryptocurrency projects collecting sensitive personal information, such as iris scans, through token giveaways, with a description resembling Worldcoin.
Key Points
1. China's Ministry of State Security (MSS) warns that some cryptocurrency projects collect sensitive personal data, like iris scans, through token giveaways.
2. The description in the warning closely resembles Worldcoin, a project by OpenAI co-founder Sam Altman, which operates in over 160 countries and trades tokens for eye scans.
3. Iris patterns are stable and unique, making them difficult to change like passwords or PIN codes, raising privacy concerns.
4. The US Treasury's Financial Crimes Enforcement Network (FinCEN) has also warned about the increasing use of crypto kiosks in scams.
Description
China’s Ministry of State Security (MSS) has warned that some cryptocurrency projects are using biometric tools , such as iris and facial scans, to collect sensitive personal information through token giveaways .
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