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Blockchain security firm CertiK recently <a href="https://twitter.com/CertiK/status/1687129300179243010" rel="noopener noreferrer nofollow">disclosed</a> a vulnerability in Worldcoin that could have led to attackers taking control of Orbs, a critical aspect of Worldcoin&#39;s infrastructure.The bug, which has since been patched, allowed attackers to bypass verification procedures and become operators of Orbs without meeting the necessary requirements, such as being a legitimate company, undergoing proper ID verification, or passing a vetting interview.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a0dfaec761054614b425fa656767139c.jpeg" />CertiK responsibly informed Worldcoin of the issue before making a public announcement. They confirmed that Worldcoin promptly addressed the vulnerability and verified that the fix effectively neutralized the threat. Further details regarding the vulnerability and its patch will be shared by CertiK in due course.In response to the disclosure, Worldcoin acknowledged the issue stressing that the vulnerability was not exploited in practice, and assured users that it did not compromise the manual review process for establishing an Operator account, nor did it grant unauthorized access to Orbs or user data. The company resolved the issue within 24 hours of being alerted by CertiK.It&#39;s worth noting that CertiK is not an official auditor for Worldcoin, but their contribution to identifying and resolving the security concern was appreciated by the company. Worldcoin extended an invitation to others to share any similar security findings.CertiK alerted Worldcoin about the security flaw on May 29, approximately one month before Worldcoin&#39;s public launch on July 24.Despite the successful launch and early positive market response to the WLD token, Worldcoin remains a topic of controversy due to concerns about a single company having control over vast amounts of user biometric data. The early security incident may further fuel skepticism among critics.CertiK&#39;s responsible disclosure and Worldcoin&#39;s swift response to address the vulnerability demonstrate the importance of thorough security assessments in blockchain projects. However, the incident also highlights the need for transparency and caution when dealing with sensitive user data in innovative ventures like Worldcoin.Catch up on our published articles for the week!NEWS● Coinbase Files Motion to Dismiss SEC Lawsuit, Cites Regulatory Overreach &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/coinbase-files-motion-to-dismiss-sec-lawsuit-cites-regulatory-overreach/" rel="noopener noreferrer nofollow"> Read more</a>.●  Revolut Halts US Cryptocurrency Services Due to Regulatory Challenges &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/revolut-halts-us-cryptocurrency-services-due-to-regulatory-challenges/" rel="noopener noreferrer nofollow"> Read more</a>.●  XRP Healthcare and Spiritus Medical Partner to Bring Cutting-Edge Ventilator Technology to Africa &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/xrp-healthcare-and-spiritus-medical-partner-to-bring-cutting-edge-ventilator-technology-to-africa/" rel="noopener noreferrer nofollow"> Read 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href="https://defi-planet.com/2023/08/bitget-launches-new-program-to-train-the-next-generation-of-crypto-leaders/" rel="noopener noreferrer nofollow"> Read more</a>.●  Bitcoin Lightning Network Integration is ‘Worth Doing’ – Coinbase CEO &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/bitcoin-lightning-network-integration-is-worth-doing-coinbase-ceo/" rel="noopener noreferrer nofollow"> Read more</a>.●   Kenya Suspends Worldcoin Project Over Data Privacy Concerns &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/kenya-suspends-worldcoin-project-over-data-privacy-concerns/" rel="noopener noreferrer nofollow"> Read more</a>.●   OKX Wallet Introduces Smart Account Feature For Streamlined Web3 Transactions &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/okx-wallet-introduces-smart-account-feature-for-streamlined-web3-transactions/" rel="noopener noreferrer nofollow"> Read more</a>.●  Nomura’s Crypto Arm Granted Licence by Dubai’s VARA, Becomes First Firm to Obtain the Full VASP Licence &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/nomuras-crypto-arm-granted-licence-by-dubais-vara-becomes-first-firm-to-obtain-the-full-vasp-licence/" rel="noopener noreferrer nofollow"> Read more</a>.●  Binance Returns to Japan: Launches Dedicated Platform for Locals after 5-Year Absence &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/binance-returns-to-japan-launches-dedicated-platform-for-locals-after-5-year-absence/" rel="noopener noreferrer nofollow"> Read more</a>.●  Meta to Launch AI-Powered Chatbots with Human-Like Personalities &gt;&gt;&gt;<a href="https://defi-planet.com/2023/08/meta-to-launch-ai-powered-chatbots-with-human-like-personalities/" rel="noopener noreferrer nofollow"> Read more</a>.●  Bank of Korea Selects Three Districts for CBDC Trial, Excludes Capital City Seoul &gt;&gt;&gt;<a href="https://defi-planet.com/2023/07/bank-of-korea-selects-three-districts-for-cbdc-trial-excludes-capital-city-seoul/" rel="noopener noreferrer nofollow"> Read more</a>.●  Ethical Hacker Recovers $5.4 Million from Curve Finance Exploit &gt;&gt;&gt;<a href="https://defi-planet.com/2023/07/ethical-hacker-recovers-5-4-million-from-curve-finance-exploit/" rel="noopener noreferrer nofollow"> Read more</a>.●  Authorities Seize 34 Crypto Mining Servers Tapping Stolen Electricity in Borneo’s Island &gt;&gt;&gt;<a href="https://defi-planet.com/2023/07/authorities-seize-34-crypto-mining-servers-tapping-stolen-electricity-in-borneos-island/" rel="noopener noreferrer nofollow"> Read more</a>.●  Clearpool Adopts Polygon zkEVM for Faster Transactions and Enhanced Liquidity Options &gt;&gt;&gt;<a href="https://defi-planet.com/2023/07/clearpool-adopts-polygon-zkevm-for-faster-transactions-and-enhanced-liquidity-options/" rel="noopener noreferrer nofollow"> Read more</a>.●  Coinbase CEO Reveals SEC Directive To Delist All Cryptocurrencies Except Bitcoin &gt;&gt;&gt;<a href="https://defi-planet.com/2023/07/coinbase-ceo-reveals-sec-directive-to-delist-all-cryptocurrencies-except-bitcoin/" rel="noopener noreferrer nofollow"> Read more</a>.●  Binance Becomes First Exchange to Secure Dubai’s VARA Operational MVP License &gt;&gt;&gt;<a href="https://defi-planet.com/2023/07/binance-becomes-first-exchange-to-secure-dubais-vara-operational-mvp-license/" rel="noopener noreferrer nofollow"> Read more</a>.ARTICLES● All You Need To Know About Solana: Consensus, Features, And Future Outlook &gt;&gt;&gt;<a href="https://defi-planet.com/2021/08/all-you-need-to-know-about-solana-consensus-features-and-future-outlook/" rel="noopener noreferrer nofollow"> Learn more.</a><h4>ICYMI…</h4>Tether Secures Legal Victory as USDT Class Action Suit DismissedTether celebrated a major legal win as a class action suit against its USDT stablecoin was dismissed by the U.S. District Court for the Southern District Of New York on August 4th.The case, initiated in December 2021 by plaintiffs Matthew Anderson and Shawn Dolifka, raised concerns about USDT&#39;s backing based on findings from the NYAG and CFTC, as well as conflicting statements by Tether. However, the court ruled the case meritless, stating the plaintiffs failed to show plausible injury, as USDT&#39;s value remained stable.Representatives from Tether and Bitfinex reaffirmed their commitment to customer protection and continued services after the victory. The companies remain focused on delivering their promises to the community. The plaintiffs&#39; argument relied on alleged price fluctuations affecting their investments, but Tether countered that they must demonstrate a decrease in USDT&#39;s value. Since USDT has largely maintained its $1.00 peg, this argument was deemed unviable.Instead, the plaintiffs claimed they wouldn&#39;t have purchased or would have bought less USDT if they had known about the reserves&#39; nature. Originally seeking financial compensation and injunctions, they aimed to force Tether to disclose its reserve status accurately. Tether&#39;s triumph in the case reassures USDT users and investors, with the court finding no grounds for the claims against the stablecoin.Spotlight on interesting projectsTezoro<a href="https://tezoro.io/" rel="noopener noreferrer nofollow">Tezoro</a> is a non-custodial service that allows you to reduce the risk of losing your crypto by ~100 times by creating a backup: a smart contract that can withdraw crypto from your wallet and transfer it to a backup address even if you&#39;ve already lost access to your wallet or died.Tezoro is a non-custodial service. It helps you to prepare your backup, and you confirm it via your MetaMask and deploy it directly to the blockchain.Nobody, including Tezoro, can change the amount or replace the backup address. The only thing you allow it to do is initiate the transfer at the moment you need it.For more information, visit <a href="https://tezoro.io/" rel="noopener noreferrer nofollow">https://tezoro.io/</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1328051f51a44504977cc035a5bb18fe.jpeg" />If you want more content like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, <a href="https://medium.com/&#64;defi-planet" rel="noopener noreferrer nofollow">Medium</a>. and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.

Weekly Round-Up #61 | CertiK's Investigation Reveals Potential Takeover Risk in Worldcoin's Orbs 👁️ 🌐

DeFi Planet

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