Foreign media: Humanity Protocol CEO previously founded a unicorn company and went bankrupt

Terence Kwok, CEO of Worldcoin competitor Humanity Protocol, almost bankrupted his $1.5 billion smartphone company and burned $170 million of investors' money. Terence Kwok founded Tink Labs in 2012. The unicorn company raised hundreds of millions of dollars to provide hotels with smartphones for guests to use during their stay. However, the company began operating at a loss in 2017 due to its aggressive expansion policy and other reasons. Ultimately, Tink Labs' European division began liquidation in January 2020 and subsequently entered bankruptcy proceedings. Last year, Kwok launched Humanity Protocol, a blockchain-based identity verification company that relies on scanning people's palms as a form of identification. (Protos)