Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

China Accuses Foreign Entity of Misusing Crypto for Surveillance Through Iris-Scanning

by
August 6, 2025
in Crypto News
0
China Accuses Foreign Entity of Misusing Crypto for Surveillance Through Iris-Scanning
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A China security ministry has warned that foreign agents are using crypto schemes to collect sensitive biometric data, including iris scans, posing a threat to both personal privacy and national security.

Local outlet Global Times reported Wednesday that the ministry outlined the growing risks tied to biometric technologies.

It said recent cases have shown foreign intelligence agencies illegally harvesting facial data from targeted individuals to carry out espionage activities inside China.

The ministry did not identify specific firms, but the description of the scheme closely mirrors the model used by World, the crypto startup co-founded by OpenAI CEO Sam Altman.

China’s Ministry of State Security has publicly warned that a foreign company is using the issuance of cryptocurrency tokens as a gimmick to scan and collect user iris information worldwide and transfer the data source, posing a threat to personal information security and even…

— Wu Blockchain (@WuBlockchain) August 6, 2025

Crypto Token Incentives Used to Collect Iris Data, China Ministry Says

World, formerly known as Worldcoin, offers crypto tokens in exchange for users’ iris scans. The company claims the scans help verify a user’s unique identity and enable digital financial access, particularly in underserved markets. However, World was not explicitly named in the MSS advisory.

Cryptonews has reached out to World for comment on the matter.

The ministry described a case in which a foreign company allegedly used the issuance of cryptocurrency tokens as a pretext to scan and collect iris data from users around the world. This data was then transferred overseas, according to the statement, raising red flags for national and individual security.

Officials Link Biometric Data Leaks to National Security Threats

Biometric identification technologies, the ministry noted, have gained rapid traction in recent years. Used for their speed and accuracy, these systems collect and process facial features, fingerprints, irises and even body movements. While these tools offer convenience, the ministry warned that the risk of data leaks and misuse has also grown significantly.

Officials cited cases in which foreign spies forged biometric information to gain access to classified materials or infiltrate sensitive workplaces. In another example, a fingerprint payment system linked to a corporate database was repeatedly breached due to lax cybersecurity, resulting in major data leaks.

Further, the ministry said that iris patterns are especially sensitive. They are highly stable and nearly impossible to replicate, making them valuable for authentication in high-security environments. Their uniqueness, however, also makes them a prime target for malicious actors, the ministry said.

China Warns Citizens to Scrutinize Biometric Data Practices

The warning comes as biometric systems continue to expand across sectors ranging from finance to border control. In this context, the ministry urged the public to remain cautious when handing over biometric data, especially for services involving facial, fingerprint or iris recognition.

Citizens, the statement said, have the right to ask data collectors to explain how personal information will be stored, processed and used. The ministry also advised individuals to review privacy policies carefully and to stay alert for signs of excessive data collection.

Although the ministry refrained from proposing new regulations, its statements reflect growing unease within China’s security establishment regarding the convergence of digital identity technologies and cross-border data transfers.

The post China Accuses Foreign Entity of Misusing Crypto for Surveillance Through Iris-Scanning appeared first on Cryptonews.

Previous Post

Binance Founder CZ Asks Court to Dismiss $1.76B Clawback Lawsuit Filed by FTX

Next Post

Michael Novogratz Signals Crypto Treasury Craze Likely Past Its Peak

Next Post
Michael Novogratz Signals Crypto Treasury Craze Likely Past Its Peak

Michael Novogratz Signals Crypto Treasury Craze Likely Past Its Peak

  • Trending
  • Comments
  • Latest
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

June 30, 2025
Digital Assets Are Not Going Away, Senator Tim Scott Says

Digital Assets Are Not Going Away, Senator Tim Scott Says

July 10, 2025
Base Network Releases 33-Minute Outage Report, Said Caused by Sequencer Handover Failure

Base Network Releases 33-Minute Outage Report, Said Caused by Sequencer Handover Failure

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Base Network Releases 33-Minute Outage Report, Said Caused by Sequencer Handover Failure

Base Network Releases 33-Minute Outage Report, Said Caused by Sequencer Handover Failure

August 6, 2025
Bitcoin Treasury Firm BitBridge Finalizes Merger, Targets Nasdaq Listing in Q3

Bitcoin Treasury Firm BitBridge Finalizes Merger, Targets Nasdaq Listing in Q3

August 6, 2025
Indonesia Explores Bitcoin as Reserve Asset to Boost Economy

Indonesia Explores Bitcoin as Reserve Asset to Boost Economy

August 6, 2025
Indian Enforcement Directorate Raids Several Cities in $29M Crypto Fraud Ring

Indian Enforcement Directorate Raids Several Cities in $29M Crypto Fraud Ring

August 6, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Base Network Releases 33-Minute Outage Report, Said Caused by Sequencer Handover Failure

    Base Network Releases 33-Minute Outage Report, Said Caused by Sequencer Handover Failure

    August 6, 2025
    Bitcoin Treasury Firm BitBridge Finalizes Merger, Targets Nasdaq Listing in Q3

    Bitcoin Treasury Firm BitBridge Finalizes Merger, Targets Nasdaq Listing in Q3

    August 6, 2025
    Indonesia Explores Bitcoin as Reserve Asset to Boost Economy

    Indonesia Explores Bitcoin as Reserve Asset to Boost Economy

    August 6, 2025
    Indian Enforcement Directorate Raids Several Cities in $29M Crypto Fraud Ring

    Indian Enforcement Directorate Raids Several Cities in $29M Crypto Fraud Ring

    August 6, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved