BlockBeats news, on April 28, ZachXBT retweeted Musk’s tweet accusing Sam Altman of being a "fraud," noting that no one seemed to mention Altman’s other company—WorldCoin, or World. It launched a predatory, low-liquidity crypto token, WLD, mirroring the practices of SBF/FTX-affiliated entities. They tricked people in low-income countries into surrendering biometric data by distributing small amounts of WLD tokens. Although the technology was intended as a way to prove one is human, it has instead fueled a black market for verified accounts. The token supply is inflating at an unsustainable rate, while insiders regularly dump their holdings over-the-counter.
ZachXBT Accuses Sam Altman’s WorldCoin of Exploitative Practices
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Summary
On April 28, ZachXBT accused Sam Altman’s WorldCoin (WLD) of exploitative practices, labeling it a predatory scheme. The project is alleged to target low-income users in developing countries, offering small token allocations in exchange for biometric data. Critics point to unsustainable token supply inflation and insider off-exchange sales. The controversy arises amid ongoing news of the token launch and new listings attracting regulatory and market scrutiny.
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