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ZachXBT accuses Worldcoin of FTX-style tactics as Musk turns up heat on Altman
Worldcoin faces allegations of unethical practices in token distribution and data collection in emerging markets.
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.
No one seems to mention Scam Altman’s other company WorldCoin aka World which launched with a predatory low float crypto token $WLD that was on par with SBF / FTX companies.
They have preyed on people from low income countries for biometric data by giving away small amounts of… pic.twitter.com/dZR0X1pJzt
— ZachXBT (@zachxbt) April 28, 2026
This is a developing story.