Fwog (fwog) 
Worldcoin’s decentralized protocol for personal identification has undergone an independent audit by Trail of Bits. The audit, which commenced on Aug. 14, 2023, involved testing the software and device Orb, which is designed to scan the user’s iris. Over a period of six weeks, experts meticulously examined the code for any potential vulnerabilities.
The auditors conducted simulations of various attacks that could potentially compromise users’ data. However, they ultimately concluded that the device code is free from vulnerabilities. Notably, the auditors found that attackers are unable to extract iris data from Orb’s network traffic without control over one of the trusted certificates.
According to Trail of Bits experts, “Our analysis did not uncover vulnerabilities in the Orb’s code that can be directly exploited in relation to the Project Goals as described.”
Following the release of the audit report, the native token of the project, WLD, experienced a 4% increase in value, rising from $9.50 to $9.90. However, this growth was short-lived, with the token’s price dropping back to $9.60. Currently, the asset is trading 20% below its historical high of $11.82 on March 10, as per CoinMarketCap data.
Concerns regarding potential security issues with Worldcoin have been circulating for some time. In March, Spain’s data protection agency (AEPD) issued a demand for Worldcoin to cease the collection of personal information and to refrain from using already collected data. Since its launch in July 2023, the project has faced scrutiny in countries such as Germany, France, the U.K., and Kenya.
Moreover, in January, the Hong Kong regulator conducted a search of the company’s offices, while South Korea initiated an investigation into a startup that collects biometric data in early March.
