Crypto Detective ZachXBT Severely Criticizes This Altcoin and Its Founder! “Compared It to FTX and SBF!”

ZachXBT, a crypto detective who has recently issued warnings for many altcoins, has now criticized Worldcoin.

Accordingly, leading blockchain researcher ZachXBT harshly criticizes Sam Altman’s altcoin project Worldcoin ($WLD) (now World) and compares its practices to Sam Bankman-Fried’s FTX scam.

ZachXBT’s statements coincide with the start of the trial in the lawsuit filed by Tesla CEO Elon Musk against OpenAI.

ZachXBT responded to a post by Elon Musk calling OpenAI CEO Sam Altman “Altman the Swindler,” criticizing Altman, Worldcoin’s token economy, and insider selling.

FTX Analogy!

ZachXBT described $WLD as a “predatory, low-volume cryptocurrency.” He also compared its implementation and the $WLD token to the fraudulent tactics of Sam Bankman-Fried and FTX.

Altman and his company argued that, similar to companies linked to SBF and FTX, they launched with a low circulating supply of $WLD tokens.

ZachXBT stated that Worldcoin collects biometric data from people in low-income countries in exchange for small amounts of $WLD. He added that this authentication technology has created a black market for verified accounts.

ZachXBT also noted that the token supply is increasing at an unsustainable rate, is artificially inflated, and that insiders are regularly selling their $WLD tokens through over-the-counter transactions.

*This is not investment advice.