China’s Ministry of State Security has warned the public about a growing risk linked to the “Iris Scan Crypto” trend.
According to the Ministry, a foreign company is offering cryptocurrency tokens in exchange for people’s eyes scans raising serious concerns about privacy, data safety, and even national security.
Source: X (Previously Twitter)
The company is suspected of collecting sensitive eye data and transferring it abroad. Officials say this isn’t just a personal risk, it's a potential threat to the country’s intelligence.
China’s top security agency says the issue is much bigger than just stolen information. Unlike passwords, biometric data like eye scans can’t be changed. If someone steals it, it’s permanent.
And that makes it valuable to foreign spies or hackers. The government warns that some foreign groups may be using crypto projects as a cover to gather detailed biometric info on people around the world.
That information could then be used for surveillance, blackmail, or even deeper digital attacks.
The project in question is likely Worldcoin, a crypto token that verifies users by scanning their eyes using a device called the Orb.
Once verified, users receive a “World ID” to prove they are human online.
In return, they may get cryptocurrency. While this sounds like a good idea, critics say it’s risky. Several countries, like Brazil, have already banned the Worldcoin project for collecting sensitive information without clear user consent.
Source: CoinMarketCap
Post this IRIS scan crypto news, the Worldcoin price has crashed by 4.45%, while trading volume has increased by 24% in the last 24 hours. WLD is now trading at $0.9230.
Your iris isn’t just a part of your eye it’s like a fingerprint, but even harder to fake or change. The colors, patterns, and textures inside the eye are totally unique. That’s why these scans are trusted in places like airports, government buildings, and military zones.
If someone gets access to your eyes data, it’s not something you can just reset like a password.
These days, we all use some form of biometrics fingerprints to unlock phones, face scans at airports, and now even iris scan crypto apps.
But with every new tech comes new risks. If these systems aren’t managed properly, if the information can end up in the wrong hands. It possesses a major iris scan crypto security threat.
To fight back against these dangers, China has put strong data rules in place.
Laws like the Cybersecurity Law and the Personal Information Protection Law are meant to stop misuse of sensitive details.
Companies collecting biometric info like those behind iris scan crypto projects must now follow tighter rules.
At the same time, people are being urged to protect their own details by asking questions: Who is collecting it? Why? Where is it going?
Getting free digital currency in exchange for a quick eye scan might sound exciting, but it’s not worth the risk.
Many biometric scan cryptocurrency projects may be hiding bigger dangers behind the rewards.
Before handing over any biometric info, fingerprints, or face make sure you trust the platform.
Always use secure wallets, turn on two-factor authentication, and avoid unknown cryptocurrency sites.
The iris scan crypto technology may appear as the technology of the future but it carries real threats to individual privacy and national security.
The warning of the Chinese government is not to panic; it is only that one needs to get smart with their information.
Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.