Key Points:
According to local sources, authorities acted on suspicions that the company was collecting user data without proper consent.
The raid, conducted with a search warrant and supported by multiple agency officials, resulted in the confiscation of machines believed to be storing sensitive information gathered by the firm.
The seized data was then transported to the Directorate of Criminal Investigations headquarters for comprehensive analysis.
Kenya’s Data Commissioner, Immaculate Kassait, revealed that the parent company of Worldcoin, Tools for Humanity, had failed to disclose its true intentions during the registration process, leading to concerns over the company’s practices.
This incident follows the Kenyan government’s suspension of Worldcoin’s operations over privacy and security concerns. The company had been employing iris scanning technology to verify the identities of individuals in exchange for World tokens.
However, the potential misuse of sensitive biometric data raised alarm among privacy experts, leading to increased scrutiny and, ultimately, the suspension of the firm’s activities.
Worldcoin’s project, centered around a World ID ecosystem utilizing iris scans for identity verification, is led by “Tools for Humanity,” co-founded by Sam Altman, known for his association with OpenAI. Prominent venture capital firms, including a16z, have invested in the project.
Beyond Kenya, European regulators, notably the Bavarian Data Protection Office, have initiated investigations into Worldcoin’s practices.
While the Kenyan government has suspended operations, Worldcoin has stated its intention to cooperate with authorities to address concerns and resume iris scanning in the country.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
BTFD Coin is offering a chance to relive the glory days of meme coin investing,…
Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…
Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…
Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…
The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…
This website uses cookies.