On-chain investigator ZachXBT wrote on April 28, 2026, that Sam Altman’s Worldcoin, now rebranded as World, launched a predatory low float crypto token comparable to Sam Bankman-Fried’s FTX companies.
He posted the remarks in a reply to an Elon Musk tweet that read “Scam Altman …” and included a Grok conversation about Ronan Farrow’s New Yorker reporting on OpenAI and Altman.
ZachXBT wrote that Worldcoin preyed on people in low-income countries for biometric data, that its proof-of-personhood technology created a black market for verified accounts, and that WLD supply inflates at unsustainable levels while insiders regularly offload holdings through OTC channels.
He attached three screenshots. The first showed verified World ID accounts being sold for as low as $0.50 each on escrow platforms. The second showed a transaction in which the World Foundation sold 85.45 million WLD for $25 million through FalconX at an average price of $0.293. The third was a 2022 MIT Technology Review report that described Worldcoin’s early recruitment tactics as “deception, exploited workers, and cash handouts” aimed at low-income individuals.
In March 2026, a World Foundation-related entity sold tens of millions of dollars worth of WLD through OTC deals.
ZachXBT’s statements land while the Musk v. OpenAI civil trial is in progress, and a 52.5% WLD unlock is scheduled for July 23, 2026.