A whistleblower with insider knowledge of the Worldcoin project has come forward with a chilling exposé. The whistleblower, Nadir Hajarabi, who claims to have been intricately involved with Worldcoin before its token launch, has severed all ties with the project and raised the alarm about a series of red flags warranting attention.
Hajarabi’s revelations were broadcasted through a YouTube video, which is not available right now, released on August 23rd. While he refrained from divulging intricate details on the advice of legal counsel, Hajarabi candidly spoke about his decision to distance himself from Worldcoin. His departure from the project was catalyzed by a culmination of alarming developments, which intensified following the project’s token (WLD) launch and the unveiling of its whitepaper.
A vision marred by ‘horrendous execution’
Despite initially championing Worldcoin’s visionary goal of establishing a universal basic income, Hajarabi minced no words in condemning what he referred to as a “horrendous execution that deserves whatever will come next.” His criticism echoed the sentiments of those who have closely followed the project’s journey.
The Worldcoin project was created to help build an identity & financial network connecting billions of people in the Age of AI. pic.twitter.com/7XbwCHkt2P
— Worldcoin (@worldcoin) July 29, 2023
Hajarabi’s skepticism began to brew from the early days of his association with Worldcoin. While he admitted to granting the project the “benefit of the doubt,” his unease escalated exponentially after the publication of the token’s whitepaper. According to him, this document crystallized his concerns and solidified his resolve to sever all affiliations. Although he refrained from elaborating on specifics due to legal constraints, Hajarabi’s allegations cast a shadow of uncertainty over the project’s integrity.
A murky landscape
Hajarabi’s public disavowal of Worldcoin and his engagement with legal experts shed light on the underlying turmoil within the project. Even while maintaining his undisclosed location and legal jurisdiction, the decision to come forward underscores the gravity of the situation.
In the midst of this tumult, the Worldcoin initiative faces escalating regulatory scrutiny across the global stage. With regulatory eyes from France, Germany, and Kenya fixated upon it, Worldcoin is navigating treacherous waters. Notably, Kenyan authorities raided a Worldcoin warehouse in Nairobi, halting the startup’s operations due to data privacy apprehensions.
The contentious issue revolves around the storage of personal data generated by Worldcoin’s orbs, which produce unique iris codes. While Worldcoin has assured that this data is not retained, regulatory bodies and privacy advocates remain wary. The Kenyan Capital Markets Authority highlighted the unregulated nature of Worldcoin’s operations within the country, fueling concerns about data security and user protection. Despite these challenges, Worldcoin is committed to cooperating with the authorities and resuming operations after instituting stringent “crowd-control measures.”
A complex landscape of growth and scrutiny
In the midst of these tumultuous events, Worldcoin’s popularity continues to surge, with demand for its “global ID” and tokens skyrocketing since its inception. However, the sobering criticism voiced by Hajarabi, in conjunction with ongoing international investigations, shines a spotlight on the intricate complexities and inherent risks associated with the project.
Hajarabi’s parting words serve as a cautionary note to potential users and enthusiasts alike. He urges individuals to exercise heightened vigilance while evaluating Worldcoin’s terms and conditions. The Worldcoin narrative, once painted with broad strokes of optimism, now finds itself entangled in a web of uncertainties and regulatory hurdles, challenging its very foundation and the promises it holds for a transformative future.
Featured image credit: Worldcoin/Twitter
