• WLD coin price flatlined at $2.2 in the Asian-Pacific session on Aug 4
• CertiK audit company asserted Worldcoin fixed the security flaws found in late May
• Concerns remain about the project’s ability to hold private information private
WLD Coin Price Flatlines
Worldcoin (WLD), a controversial digital ID crypto project, price flatlined at $2.2 in the Asian-Pacific session on Aug 4, oscillating around the said line since July 31. WLD coin price was unable to breach resistance at $2.5 and traded below its 20, 50, 100, and 200-1h exponential moving averages.
CertiK Audit Company Asserted Worldcoin Fixed Security Flaws
The coin faced unfavorable audit results from crypto security company CertiK. The latter reported a security flaw to the WorldCoin security team on May 29 that allowed an attacker to bypass the verification process to become an Orb operator . The WorldCoin team confirmed the vulnerability and released a fix which CertiK verified and confirmed was successful.
Worldcoin Promises Seamless Digital Identity Experience
WorldCoin claims to provide a “seamless digital identity experience” and make strides in online human identification. However, it has been criticized by privacy activists , and cybersecurity experts alike due to concerns of unauthorized scanning of someone’s iris and collecting more personal data than disclosed while lacking informed consent.
Ethereum Co-founder Vitalik Buterin Voices Concerns About Vulnerability Of World IDs
Ethereum co-founder Vitalik Buterin also voiced concerns about the vulnerability of World IDs and underscored the real threat of unauthorized scanning of someone’s iris to determine their World ID status.
MIT Technology Review Reporters Accuse Project Of Deceptive Marketing Practices
MIT Technology Review reporters have also accused Worldcoin of employing deceptive marketing practices and collecting more personal data than disclosed while lacking informed consent.