The Chinese are using "grey schemes" to access Worldcoin

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Users from China whoaccess to registration in the Worldcoin crypto project is prohibited, they resort to purchasing biometric data from third parties from African countries with the hope of receiving bonuses after the launch of the project.

Sam Altman, who alsois the CEO of OpenAI and is preparing to launch Worldcoin in the next few weeks. Altman plans to use eyeball scanning technology to create a global identification system that can be used to gain free access to his own cryptocurrency, Worldcoin.

Chinese Residents Buy Rainbow Scanningeye shells, made in Cambodia and Africa, for only $30. A Worldcoin spokesperson confirmed the existence of a black market where such transactions take place and noted that several hundred cases have been found. In this regard, the project is taking additional measures to strengthen the verification procedure.

“Thanks to constant threat monitoring measuresand awareness, the Worldcoin team identified suspicious and potentially fraudulent activity that was encouraging people to sign up for a verified World ID, which was then delivered to a third-party World app rather than their own,” the company said.

Worldcoin has taken several steps to try to contain the problem. These include “adjustments to the initial in-person registration process” and the introduction of QR codes.

Previously, Worldcoin presenteda crypto wallet application of the same name, which will initially support the World Coin and Ethereum ecosystems. The World App mobile application for wallet is already available for download  in the App Store and Google Play. Worldcoin is available in more than 80 countries.  

Earlier, Sam Altman said that he plans to raise funding of about $100 million to finance Worldcoin.