Famous on-chain analyst ZachXBT criticized Worldcoin. He pointed out, "It seems no one is talking about Worldcoin (WLD), another company by the scammer Sam Altman. This company started its business by issuing WLD with low circulating supply, similar to SBF/FTX companies. They used a method of extracting biometric information by providing small amounts of WLD tokens for free to people in low-income countries. This technology was originally developed as a means of identity verification, but as a result, a black market formed around authenticated accounts. The token supply is skyrocketing to unsustainable levels, and insiders are regularly offloading their holdings through OTC transactions."
