Nadir Hajarabi, who had been associated with the Worldcoin project since before its token launch, has publicly announced that he has cut all ties with the project. He did not disclose specifics, but revealed that he left due to several concerning factors he had witnessed, and made the final decision to leave after the release of the project’s token and whitepaper.Hajarabi described the organization’s efforts as a “horrendous execution that deserves whatever will come next”. He urged potential users to exercise heightened scrutiny when evaluating Worldcoin’s terms and conditions.The Worldcoin project is under an increasingly harsh spotlight, facing regulatory scrutiny from multiple jurisdictions, including France, Germany, and Kenya. Kenyan authorities raided a Worldcoin warehouse in Nairobi under a search warrant, suspending the startup’s operations due to data privacy concerns. Despite the project’s reassurances that it does not store the data once the orbs generate a unique iris code, regulators and privacy advocates remain wary.Despite the ongoing investigations, Worldcoin has seen a nearly twofold increase in demand for its “global ID” and tokens since its launch. Hajarabi’s criticisms, coupled with ongoing international investigations, underscore the complexity and potential risks involved in the project.

Information	Details
Geography	Europe
Countries	🇫🇷 🇩🇪 🇰🇪
Sentiment	negative
Relevance Score	8
People	Nadir Hajarabi, Kenyan Capital Markets Authority
Companies	Worldcoin, YouTube, Kenyan Capital Markets Authority, France, Germany
Currencies	Worldcoin, WLD, Bitcoin, Ethereum.
Securities	None