cryptocurrency researcher ZachXBT made serious accusations against world moneybiometric identity project, of which he is one of the founders OpenAI CEO Sam Altman. The allegations directly parallel controversial practices that contributed to the spectacular collapse of the United States. Sam Bankman-Fried‘s FTX Empire rises to the surface the same way Elon Musk It increases public criticism of Altman’s business dealings.
ZachXBTa fake on-chain detective and advisor to startup Paradigm.
The researcher highlighted Worldcoin’s (now rebranded as World) $WLD token launch in 2023, describing its structure as a “predatory low volatility” model that reflects the high-risk tactics Worldcoin uses. FTX and its affiliates.
No one seems to be talking about Scam Altman’s other company, WorldCoin, which is launching a low-volatility, predatory crypto token $WLD this was on par with SBF/FTX companies.
They hunted people in low-income countries for biometric data by distributing small amounts of data… pic.twitter.com/dZR0X1pJzt
— ZachXBT (@zachxbt) April 28, 2026
According to the analysis, the project aggressively targeted residents of low-income countries and offered modest amounts of local tokens in exchange for iris scans and other sensitive biometric information.
While the initiative is positioned as a solution to prove that it is human identity Amid the rise of artificial intelligence, critics argue it is instead fueling unintended consequences, including a thriving underground market for verified accounts.
Compounding these concerns, ZachXBT called attention to what it calls unsustainable token inflation and routine over-the-counter asset sales by insiders.
He argued that these practices prioritized short-term gains over long-term stability and were reminiscent of the opaque financial maneuvers that resulted. FTX.
The allegations come at a sensitive time for Worldcoin, which has faced persistent backlash over privacy issues, regulatory bans in various countries and questions about the ethical collection of personal information. data from vulnerable populations.
Musk’s renewed scrutiny of Altman stems in part from a high-profile case involving: OpenAIWhere two former collaborators clash over management, profit motives and the direction of AI development.
Musk has long expressed skepticism about Altman’s initiatives, and the Worldcoin controversy provides new ammunition.
Timing heightens existing tensions at the intersection of AI, crypto and money digital identityOne where biometric verification promises to combat bots and fraud but raises deep questions about consent, data security and abuse.
The ramifications of these allegations could extend far beyond Worldcoin.
Increased interest in the project could lead regulators around the world to tighten similar biometrics-focused controls. crypto- could potentially lead to stricter compliance requirements, licensing hurdles, or outright bans in additional jurisdictions.
Industry professionals now warn that such developments risk eroding investor and public confidence in a broader category of innovations that combine advanced identity tools with digital currencies.
Supporters world money It claims its technology addresses critical challenges in a future dominated by artificial intelligence, such as distinguishing real humans from synthetic entities online.
But the latest debate underscores persistent doubts about whether the quest for scale comes at the expense of transparency and fairness.
In crypto and artificial intelligence As landscapes continue to converge, this episode serves as a reminder of the increasingly complex nature of digital transformation initiatives.
It emphasizes the balance between digital technology more responsible enforcement, especially when it comes to vulnerable populations and irreplaceable personal data. Thanks to Musk’s oversight and ZachXBT’s forensic insights, Worldcoin now faces calls for accountability that could reshape the regulatory landscape. biometric crypto projects.
