Altcoin

ZachXBT

Elon Musk

ZachXBT, a crypto detective who has recently issued warnings for many altcoins, has now criticized Worldcoin.
Accordingly, leading blockchain researcher ZachXBT harshly criticizes Sam Altman’s altcoin project Worldcoin (WLD) (now World) and compares its practices to Sam Bankman-Fried’s FTX scam.
ZachXBT’s statements coincide with the start of the trial in the lawsuit filed by Tesla CEO Elon Musk against OpenAI.
ZachXBT responded to a post by Elon Musk calling OpenAI CEO Sam Altman “Altman the Swindler,” criticizing Altman, Worldcoin’s token economy, and insider selling.
<h2 id="ftx-analogy">FTX Analogy!</h2>
ZachXBT described WLD as a “predatory, low-volume cryptocurrency.” He also compared its implementation and the WLD token to the fraudulent tactics of Sam Bankman-Fried and FTX.
Altman and his company argued that, similar to companies linked to SBF and FTX, they launched with a low circulating supply of WLD tokens.
ZachXBT stated that Worldcoin collects biometric data from people in low-income countries in exchange for small amounts of WLD. He added that this authentication technology has created a black market for verified accounts.
ZachXBT also noted that the token supply is increasing at an unsustainable rate, is artificially inflated, and that insiders are regularly selling their WLD tokens through over-the-counter transactions.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/crypto-detective-zachxbt-severely-criticizes-this-altcoin-and-its-founder-compared-it-to-ftx-and-sbf/" rel="noopener noreferrer nofollow">Crypto Detective ZachXBT Severely Criticizes This Altcoin and Its Founder! “Compared It to FTX and SBF!”</a>

Crypto Detective ZachXBT Severely Criticizes This Altcoin and Its Founder! “Compared It to FTX and SBF!”

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