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Worldcoin faces criticism for alleged biometric data misuse and predatory token practices.

Market News
28 Apr 2026
Finbold
View Source
Bearish
pluang ai news

ZachXBT, a well-known crypto investigator, has accused Sam Altman's Worldcoin project of unethical practices involving biometric data collection and a predatory low-float token called WLD. The project allegedly targeted low-income populations by offering small amounts of WLD tokens in exchange for sensitive biometric information, raising privacy and ethical concerns. Additionally, the tokenomics reportedly inflated unsustainably, with insiders trading holdings over-the-counter, leading to a black market for verified accounts. These issues echo past crypto frauds and highlight risks in biometric-based crypto projects.

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