Worldcoin Fined Again; Crypto Vendor Absconds with $500K in Cash

The Worldcoin project has received another significant fine, this time imposed by regulators for substantial violations. The penalty is related to issues in collecting and storing users’ biometric data, raising concerns over privacy practices.

In a separate incident, a crypto vendor absconded with $500K in cash belonging to clients. Reports indicate that the vendor operated in a major crypto store and disappeared after receiving the funds, leaving investors bewildered.

These events highlight the risks associated with cryptocurrency investments and the need for strict regulation and security in the industry. Experts urge users to exercise caution and conduct thorough due diligence before engaging in transactions.