Worldcoin, now rebranded as World, is once again facing intense criticism after crypto investigator ZachXBT accused the project of exploiting users from low-income countries, launching a predatory low-float token, & allowing its identity-verification system to create a black market for verified accounts.

The controversy has revived long-running concerns around biometric data collection, token distribution, insider selling, & the ethics of building a global identity network through financial incentives.

• ZachXBT Revives Criticism Against Worldcoin
• The Core Issue: Biometric Data for Token Rewards
• Black Market for Verified World Accounts
• WLD Tokenomics Under Pressure
• Why Low Float Tokens Raise Red Flags
• Old Concerns Return From MIT Technology Review’s Investigation
• The Bigger Question: Proof of Personhood or Data Extraction?
• What This Means for Crypto Users

ZachXBT Revives Criticism Against Worldcoin

Crypto investigator ZachXBT has brought renewed attention to Worldcoin, the biometric identity & crypto project associated with Sam Altman. In a post on X, he criticized the project’s model, calling its WLD token a “predatory low float crypto token” & comparing its structure with practices seen during the FTX era.

His criticism focused on three main areas. First, he argued that Worldcoin targeted people in low-income countries by offering small amounts of WLD tokens in exchange for biometric data. Second, he said the project’s original goal of proving human identity has been weakened by the emergence of a black market for verified accounts. Third, he raised concerns about WLD’s token supply inflation & alleged insider selling through OTC transactions.

Worldcoin has always presented itself as an ambitious project trying to solve a real problem. As AI-generated content, bots, fake accounts, & automated fraud increase, the internet may need stronger ways to prove that a user is human. Worldcoin’s answer is World ID, a digital identity system built through iris scans using a physical device called the Orb.