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South Korea fined Worldcoin $830,000 for data privacy violations, including unlawful transfer of biometric information 👁 and insufficient user consent disclosure 📄
South Korea’s Personal Information Protection Commission has fined Tools for Humanity, the company behind Worldcoin, over $830,000 for violating local privacy laws. The violations included improper handling of biometric data, insufficient user consent, and unauthorized overseas data transfers. The company did not adequately inform users about how their data was collected and processed. Despite the fines, South Korean regulators have allowed Worldcoin to continue operations after addressing these issues. Tools for Humanity has welcomed the decision, asserting that the necessary adjustments have been made to comply with local regulations.
Ripple transfers 200 million XRP ($117.6 million) to an unknown wallet 🏦, SEC prepares for a potential appeal, the coin's price drops by 1.02%, trading volume increases by 2.77%
Ripple, the American blockchain firm, recently transferred 200 million XRP (~$117.6 million) to an unknown wallet, stirring speculation amid SEC appeal concerns. Whale Alert, a prominent transaction tracker, flagged the transfer, linking it to a wallet that previously received significant XRP from Ripple, including a 150 million XRP transfer on September 13.This movement coincides with the SEC’s impending decision to appeal a ruling that saw Ripple fined $125 million for securities violations. Meanwhile, a separate whale moved 17 million XRP (~$10.1 million) to Bitstamp, raising suspicions due to regular transfers linked to the exchange. Following these events, XRP’s price dipped by 1.02%, now trading at $0.5849.The SEC has until October 7 to file its appeal, which could influence XRP’s future price movement.