Worldcoin Whistleblower Exposes Troubling Practices

Former Worldcoin employee Nadir Hajarabi warned of sloppy and illegal practices, while publically severing ties with the company.

Woman seeing all the eyes, Worldcoin machine collected. She is in shock stepping away.
Created by Kornelija Poderskytė from DailyCoin
  • Potential Worldcoin signees are urged to understand the company’s terms and conditions thoroughly.
  • Former Worldcoin employee seeks to distance himself from the company.
  • Global investigations into Worldcoin’s practices are ongoing.

When it comes to controversial projects, few can rival Worldcoin’s “scan your iris for tokens” proposition. The project’s whitepaper talks about being globally inclusive and enabling democratic processes, but some have pointed to controversies that include the technology compromising privacy and its potential to be used for surveillance purposes.

Joining the latter ranks, Nadir Hajarabi, who identified himself as a former worker at Worldcoin, took to YouTube to air his concerns about the organization, particularly regarding the WLD token.

Hajarabi Severs Ties with the Company

Recounting his experience working at Worldcoin, Hajarabi said he saw “many red flags from the get-go” but justified staying on to determine if the aspects he objected to were born of malice or simply misguided direction. 

“I wasn’t sure if the sloppy and/or illegal things that I witnessed were a result of malicious intent or if they were the result of things being done in a “start-uppy” way,” said Hajarabi.

With that, he urges people considering joining the Worldcoin program to thoroughly read the terms and conditions and understand what they are signing up for.

For Hajarabi, the penny-drop moment came after receiving unsatisfactory responses to questions he posed to the CEO and legal department. This led him to conclude that “this is a great mission, a great vision, but a horrendous execution that deserves whatever will come next.” 

Hajarabi disclosed that he is working with authorities in different countries as part of their investigations into the organization but was unable to provide specifics. Indeed, throughout the video, it was apparent that Hajarabi was choosing his words carefully, which he explained was the advice given to him by his legal counsel. 

Despite the lack of details, Hajarabi said the purpose of uploading the video was to disassociate himself from the company publicly.

How Worldcoin Works

Worldcoin is a cryptocurrency project that aims to build a “more human economic system.” This concept seeks to do away with working for money and instead looks to incept and provide a form of universal basic income via its WLD token once fully operational.

Underpinning this proposed system is “WorldID” and the Proof-of-Personhood consensus mechanism. This utilizes tech referred to as “orbs’ to capture and record the unique features of a person’s iris, which are then encrypted into their unique WolrdID. The company states this degree of biometric capture is necessary to ensure individuals can only sign up once and to assist with account security and recovery in the event of technical difficulties.  

The orbs are distributed by registered Worldcoin agents tasked with onboarding new users. The payment made to signees is 25 WLD tokens, per Forbes, which equates to around US$35 at the time of writing

On the Flipside

Why This Matters

Worldcoin’s latest controversy only amplifies existing doubts about the ethics of its invasive data collection methods. This backlash highlights the growing public awareness of how personal data can be exploited.

Read more on Worldcoin’s security audit results here:

CertiK Uncovers Major Worldcoin Vulnerability: What Is at Stake?

Learn more about the inner workings of Alameda and FTX here:

Alameda Insider Spills Beans on Collapse of FTX’s “Well-Intentioned” Plans

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Samuel Wan

Samuel Wan is a finance professional turned crypto journalist, known for his insightful reporting on market trends, regulatory changes, and technological developments within the digital asset industry. His ability to simplify complex concepts and report the facts has made him a trusted source in the crypto community. Beyond his writing, Samuel is an active mountain biker and gamer.