Worldcoin (WLD) is currently under intense scrutiny by crypto specialists, who allege that the project and its supporters are engaging in price manipulation, labeling it as the “most significant fraudulent token of the bullish market.”
Investigator ZachXBT has identified venture capitalists and team members, such as Coinbase executive Nick Tomaino, FTX founder Sam Bankman-Fried, and 3AC, as those who have facilitated fraudulent activities.
A research by DefiSquared substantiates these allegations, exposing instances of insider trading and deceptive tokenomics within the Worldcoin ecosystem. The research indicates that the Worldcoin team has been manipulating the WLD price in order to sustain a valuation of $30 billion, although they have denied any participation.
DefiSquared highlights contentious market tactics employed by Worldcoin, including Tools of Humanity CEO Alex Bania’s disavowal of influence over WLD pricing at the Token2049 conference in Dubai, as well as Orb Operators collecting biometric data and transferring substantial quantities of WLD tokens to exchanges such as Binance.
The investigator further denounces Worldcoin’s token unlock method, characterizing it as a deliberate maneuver to allure regular investors. DefiSquared characterizes Worldcoin as the most significant redistribution of wealth in this period, highlighting the presence of “predatory tokenomics” and the sale of $200 million worth of tokens from the “Community” allocation for the foundation’s profit.
The negative reaction towards Worldcoin has resulted in heightened doubt and demands for enhanced responsibility and openness in the crypto market. In order to restore confidence in the community and exhibit ethical conduct, Worldcoin must confront these concerns associated with the ongoing dispute. They must display a sincere dedication toward resolving the problems they purport to address.
