ZachXBT accuses Worldcoin of FTX-style tactics as Musk turns up heat on Altman

ZachXBT accuses Worldcoin of FTX-style tactics as Musk turns up heat on Altman


Crypto sleuth ZachXBT called out Sam Altman’s Worldcoin in a post responding to Elon Musk’s “Scam Altman” broadside, saying the project deserves far more scrutiny than it gets.

ZachXBT said Worldcoin launched the WLD token with a predatory low float on par with Sam Bankman-Fried’s FTX companies, and preyed on people in low-income countries by exchanging small token amounts for biometric data.

The human verification technology it promised has instead produced a black market for verified accounts, ZachXBT said, while token supply inflates at unsustainable levels and insiders quietly offload holdings via OTC.

This is a developing story.

Ledger
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest