ZachXBT accuses Worldcoin of FTX-style tactics as Musk turns up heat on Altman
Summary
Crypto investigator ZachXBT has accused Sam Altman's Worldcoin of employing tactics similar to FTX, particularly in its WLD token launch. ZachXBT alleges that Worldcoin initiated its token with a "predatory low float," comparable to Sam Bankman-Fried's FTX companies. The project is also accused of preying on individuals in low-income countries by exchanging small amounts of tokens for biometric data. Instead of delivering on its promised human verification technology, ZachXBT claims Worldcoin has fostered a black market for verified accounts, while its token supply inflates unsustainably and insiders allegedly offload their holdings through over-the-counter deals.
(Source:Crypto Briefing)