🤯🤯🤯Worldcoin Fined Over $200,000 for Regulatory Violations
🚫 Penalties Issued for Consumer Law Breaches
The penalties are due to breaches of the National Consumer Defense Law, including the use of unfair clauses in Worldcoin's terms of service.
🔍 Identity Verification Failures
Authorities discovered that Worldcoin failed to properly verify user identities and allowed minors to enter their biometric data into the system.
💡 Lack of Transparency
There was also a lack of transparency regarding how user data is handled post-collection.
🕵️♂️ Investigation Findings
These issues were uncovered during an investigation initiated by consumer defense officials in April.