A newly filed lawsuit alleges that crypto exchange Coinbase improperly collected, stored, and distributed customers’ biometric data.
Cryptocurrency exchange Coinbase has been slapped with a lawsuit filed with a District Court in California on May 1 for violating Illinois’ Biometric Information Privacy Act (BIPA). The suit alleges the exchange collected and improperly used its customers’ fingerprint and facial recognition data.
Bloomberg reports plaintiff Michael Massel is seeking relief in the form of $5,000 in damages for each “intentional and reckless violation” of BIPA and an additional $1,000 for every violation Massel’s legal representation can find.
According to Decrypt, the lawsuit accuses Coinbase of collecting biometric information through its KYC procedures and that this data was illegally obtained, used, stored, and disseminated. BIPA regulations require a company seeking to collect biometric data to inform a person in writing that it obtains such data and must
We współpracy z: https://cryptodaily.co.uk/2023/05/coinbase-sued-over-biometric-privacy-violation
