2023-08-25 13:06:11
A former employee of the iris-scanning crypto project has revealed in a video posted on YouTube why he left the company, which he says was involved in illegal activities. The video also revealed that the company’s attention was repeatedly drawn to the project’s legal obstacles, but these requests were ignored. A former employee of the Worldcoin crypto project, which caused a lot of dust in the media, has announced that he has cut ties with the organization and is currently assisting the authorities in the investigation against the company. In a video released Wednesday, the alleged former employee, Nadir Hajarabi, said he had “a lot of reservations” about the project from the beginning. A number of dangers became apparent from day one, but the man said repeated attempts and requests to address these issues were rebuffed. “I wrote to the legal team [és] to the CEO, but the answers were not satisfactory,” the Worldcoin informant said in the six-minute video. “They only confirmed what I had already thought; it’s a great idea in a terrible execution that deserves the consequences that await it”. Hajarabi refers to Worldcoin’s idea that they would “provide a universal basic income to everyone in the world, simply because they are human”. It was this core mission that drove Hajarabi to stay with the company – but he saw the release of the Worldcoin token, WLD, and the subsequent white paper as deeply flawed, and that’s when he decided to exit the project. Worldcoin is currently at $1.34, a -7.62% change in the last 24 hours. Quick Summary of Worldcoin The CEO of Worldcoin is Sam Altman, who is also the founder of ChatGPT. A critically acclaimed feature of the project is a steroidal version of the fingerprint/facial recognition systems used in its biometric authentication process; the iris scan. This type of identification method was created with the aim of making it possible to check whether the given user has already registered on the platform. Unsurprisingly, not everyone liked the idea. Dealing with data protection concerns Trading biometric data for cryptocurrency has had plenty of opponents. The ethical consequences of the operation resulted in the outrage of many. Critics say this model can take advantage of economically disadvantaged populations, as they are willing to share sensitive data about themselves in exchange for easy money. At the end of the recording, the man warned everyone who is interested in the project to read the regulations and the white paper carefully and in detail, so that they don’t get unpleasant surprises later.
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