Apr 28
ZachXBT accuses Worldcoin of FTX-style tactics as Musk turns up heat on Altman
ZachXBT scrutinizes Worldcoin's token economics under allegations of FTX-like fraud amid insider selling and regulatory bans.
β€ ZachXBT accuses Worldcoin of FTX-style fraud, citing a predatory low float for its WLD token and exploitation of individuals in low-income countries for biometric data. β€ The report highlights concerns about insider selling, unsustainable token inflation, and the creation of a black market for verified accounts instead of the promised human verification technology. β€ These allegations come amid broader scrutiny from figures like Elon Musk, raising significant regulatory and ethical questions for Worldcoin.
