Class Action

Plaid’s Collection of Biometric Data for Cryptocurrency Companies

Class Action

Plaid’s Collection of Biometric Data for Cryptocurrency Companies


Case Name (Date)

Wilhelm et al. v. Plaid, Inc.
24-cv-1242, N.D. Ill.
(Feb. 2024)


Product/Service

Plaid’s collection of biometric data for cryptocurrency companies, including Banxa, Binance, Coinbase, Gemini, and Kraken


Allegations

Requiring users to upload selfies and photos from state-issued IDs when opening cryptocurrency accounts without adequately disclosing why and how long it would be collecting, storing, and using their biometric data, such as facial geometry scans


Status

Pending



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