Former Worldcoin Insider Alleges Unlawful Practices and Mismanagement

These actions, which they considered to be either reckless or illegal, occurred before Hajarabi's departure from the project just prior to the token's launch on July 24th.

An individual identifying as Nadir Hajarabi, who professes to have formerly been associated with Worldcoin, has made serious allegations against the project’s legitimacy, suggesting potential involvement in unlawful activities during their tenure.

In a video uploaded on August 23rd to YouTube, Hajarabi disclosed witnessing what they termed “highly questionable” practices within Worldcoin (WLD).

These actions, which they considered to be either reckless or illegal, occurred before Hajarabi’s departure from the project just prior to the token’s launch on July 24th.

Hajarabi alleged that not only was their compensation withheld, but they were also in communication with authorities from various jurisdictions who were investigating the actions of Worldcoin.

Hajarabi outlined that the Worldcoin initiative suffered from a multitude of shortcomings in its execution, indicating that corners were cut during the preparation of the white paper.

They attested to having noticed warning signals “right from the outset.”

Attempts to address their concerns with the CEO of Worldcoin and the organization’s legal team yielded unsatisfactory explanations regarding the apparent disparities between the project’s mission and its actual implementation.

“I have been denied rightful compensation for my dedicated efforts during ETHCC and ETH Global due to raising valid questions,” Hajarabi conveyed to Cointelegraph.

“This treatment is unjust, and I refuse to be silenced and financially mistreated.

Regardless of the extent of my influence, I am committed to advocating for what is rightfully owed to me… a company that professes to rectify financial disparities should not perpetuate economic harm onto its workforce.”

Cointelegraph was unable to independently corroborate Hajarabi’s assertions, which involved their provision of “specialized services” to the organization.

A photograph uploaded to X (formerly Twitter) appeared to feature Hajarabi with one of Worldcoin’s iris-scanning devices.

Their YouTube channel, initiated in September 2013, solely displayed one video – the aforementioned allegations against Worldcoin.

READ MORE: Shibarium’s Anticipated Layer-2 Launch Nears, Promising Enhanced User Experience and Security

An X account ostensibly controlled by the same individual exhibited a snapshot of an ETHGlobal Paris badge that displayed Hajarabi’s name and affiliation with Worldcoin.

Furthermore, a LinkedIn profile attributed to Hajarabi seemed to correspond with the individual in the YouTube video – a Parisian resident experienced in nonfungible tokens, Web3 projects, and smart contracts.

Cointelegraph attempted to solicit a response from Worldcoin, but no reply was received at the time of this publication.

Worldcoin was initially established with the aim of distinguishing authentic individuals from automated entities by utilizing retinal scans for identity authentication via their specialized orbs.

Over 2 million registrations were recorded prior to the Worldcoin token’s launch in July.

Preceding the token and verification process rollout, numerous individuals within and beyond the cryptocurrency domain raised objections against the project, citing concerns regarding data privacy.

The Bavarian State Office for Data Protection Supervision reportedly initiated an inquiry into Worldcoin in November 2022, while the French National Commission on Informatics and Liberty reportedly labeled the organization’s data gathering techniques as “dubious.”

Similar reservations were echoed by the Information Commissioner’s Office in the UK.

In August, Kenya’s Minister of Internal Security announced the suspension of Worldcoin’s local operations until the assessment of potential risks to residents was completed.

This action reportedly included a search and confiscation of the organization’s equipment.

Subsequently, Argentina’s Agency for Access to Public Information launched an investigation into Worldcoin’s handling, storage, and utilization of customer data, citing apprehensions about security and privacy.

Other Stories:

Galaxy Digital Poised to Manage FTX’s Recovered Cryptocurrency Holdings

Binance’s Russian P2P Crypto Exchange Renames Sanctioned Banks Amidst Controversy

XRP Faces Investor Sell-Off as Whale Transfers 29 Million Tokens Amid Price Dip

No information published in Crypto Intelligence News constitutes financial advice; crypto investments are high-risk and speculative in nature.