Worldcoin Released Security Audit Reports, 92.6% Security Issues Fixed

Key Points:

• Worldcoin published the security audit report on its official blog on July 28.
• The report stated that 92.6% were identified as fixed, with the remaining bugs either mitigated or re-verified.
• Regulators previously reviewed the protocol due to concerns about potential privacy risks associated with the collection and storage of sensitive biometric data.

Proof of Humanity protocol Worldcoin released its audit reports on July 28 as criticism of its data collection practices continues to mount.

Worldcoin published a security audit report on its official blog that starting April 2023, audit firms Nethermind and Least Authority conducted two independent security audits of the protocol.

Among them, Nethermind focused on examining the smart contract of the agreement and found a total of 26 issues. Of these, 92.6% were fixed after the verification phase, one bug was mitigated, and the other was confirmed.

The Least Authority focused on examining the cryptographic usage of the protocol, found three problems, and made six recommendations. All issues are “solved or planned to be solved.”

Worldcoin first surfaced in 2021 when it announced that it would give away free tokens to any user who verified their humanity, which they could do by scanning their irises with a device named “The Globe”. The project was co-founded by Sam Altman, the co-founder of AI developer OpenAI. The project started going public on July 25 after nearly two years of development and beta testing.

The crypto community was split when the project launched, with some participants seeing it as the beginning of a dystopian future where privacy would be eliminated. On the contrary, others see it as a necessary step to protect humans from malicious AIs.

Previously, the French and UK watchdogs had also warned that they would scrutinize the protocol with concerns about potential privacy risks associated with data collection and storage of sensitive biometrics.

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