What ZachXBT alleges
Pseudonymous on-chain sleuth ZachXBT is taking aim at Sam Altman’s Worldcoin. In a reply to a tweet by Elon Musk, Finbold reports that ZachXBT drew parallels between Worldcoin’s launch and the collapse of FTX.
In that thread, ZachXBT branded Altman “Scam Altman” and said Worldcoin launched with what he called a “predatory” token structure. Finbold says ZachXBT specifically pointed to a “low float” setup and argued Worldcoin “preyed on people from low income countries for biometric data by giving away small amounts of WLD tokens.”
Biometric model and a “black market” claim
ZachXBT’s core complaint, as summarized by Finbold, centers on Worldcoin’s biometric approach. ZachXBT wrote that the “tech was intended a way to prove you’re a human” but “has resulted in a black market for verified accounts.”
Finbold also reports ZachXBT claimed token supply inflation at “unsustainable levels” and alleged insider off-market holdings via OTC transactions.
According to ZachXBT’s post as relayed by Finbold, those “verified accounts” now trade cheaply on platforms such as Telegram.
Token mechanics and access to vesting details
Finbold adds one more allegation about Worldcoin’s tokenomics. ZachXBT said that at launch, Worldcoin geo-blocked tokenomics for VPN IPs “to prevent people from reading the vesting details.”
The source text does not include Worldcoin’s response or any direct evidence beyond ZachXBT’s claims in the quoted posts.
Legal context
Finbold notes that Musk’s tweet came amid a legal fight with Altman’s OpenAI that is “heading to trial.” ZachXBT’s criticism landed in that same exchange, according to the report.