DeFi News Daily Official TheBitTimes.com

Police in Nairobi have conducted a raid on a warehouse run by controversial crypto project Worldcoin and have seized a number of machines that they suspect are being used to store user data, local outlets have reported. Armed with a search warrant, Kenyan authorities carried out the raid at offices on Mombasa Road on Saturday. The head of The Office of the Data Protection Commissioner (ODPC), Immaculate Kassait, reportedly accused Worldcoin ’s parent company, Tools for Humanity, of failing to disclose its true intentions.  Worldcoin was suspended in Kenya last week following a review into what the OPDC and Communications Authority (CA) deemed were “a number of legitimate regulatory concerns that require urgent attention.” According to a CA statement, these include: lack of clarity on the security and storage of the collected sensitive data; inadequate information on cybersecurity safeguards and standards; massive citizen data in the hands of private actors without an appropri...

Binance is reportedly willing to  accept   voluntary terminations from employees. The offers, sent out recently according to Adam Cochran, a crypto influencer and analyst, allow employees to resign , sign a new non-disclosure agreement (NDA), and receive a severance package of three months’ salary. Binance is ready to accept voluntary resignations It’s unclear why Binance CEO Changpeng Zhao has implemented this option, but reports suggest that employees from different departments can opt for voluntary termination. It is said that those willing to accept these offers were required to leave immediately.  With the crypto winter extended and the regulatory uncertainty in several jurisdictions, the world’s largest exchange had to fire employees. Zhao stated that the layoffs were essential to “increase talent density,” but the company is still hiring for other positions. Reports of voluntary termination offers come when Binance is facing increasing...