ZachXBT Calls Out Sam Altman’s Worldcoin as Predatory Low Float Token Comparable to FTX

On-chain investigator ZachXBT wrote on April 28, 2026, that Sam Altman’s Worldcoin, now rebranded as World, launched a predatory low float crypto token comparable to Sam Bankman-Fried’s FTX companies.

He posted the remarks in a reply to an Elon Musk tweet that read “Scam Altman …” and included a Grok conversation about Ronan Farrow’s post promoting his New Yorker reporting on OpenAI and Altman. In that conversation, Grok was asked to “Describe every situation where Altman is deceptive.”

ZachXBT replied to Musk’s post, saying that Worldcoin preyed on people in low-income countries for biometric data, that its proof-of-personhood technology created a black market for verified accounts, and that WLD supply inflates at unsustainable levels while insiders regularly offload holdings through OTC channels.

In March 2026, a World Foundation-related entity sold tens of millions of dollars worth of WLD through OTC deals, reflecting ongoing off-exchange distribution activity.

ZachXBT also attached three screenshots supporting these claims. The first showed verified World ID accounts being sold for as low as $0.50 each on escrow platforms. The second showed a transaction in which the World Foundation sold 85.45 million WLD for $25 million through FalconX at an average price of $0.293. The third was an MIT Technology Review report from 2022 that described Worldcoin’s early recruitment tactics as “deception, exploited workers, and cash handouts” aimed at low-income individuals.

ZachXBT’s statements land while the Musk v. OpenAI civil trial is in progress, and a 52.5% WLD unlock is scheduled for July 23, 2026.

ZachXBT’s Reply to a Philippine User Sharing His Experience

In a follow-up reply, an X user wrote that people in the Philippines were participating in iris scan KYC for $10 per successful sign-up without realizing they were “farming identities”. ZachXBT replied, “Sorry to hear that.”

The Philippines has previously taken action against the project, with regulators ordering a halt to certain biometric data-collection activities by Worldcoin operators.

More broadly, the project has faced scrutiny in multiple jurisdictions over its use of iris scans in exchange for digital identity and, in some regions, cryptocurrency incentives.

Who ZachXBT Is

ZachXBT is a pseudonymous on-chain investigator who tracks crypto fraud, hacks, exit scams, and money laundering through public blockchain data. He works independently and publishes most of his findings on X, through investigative threads, and, more recently, through a Telegram channel.

He is also an advisor to Paradigm, the crypto venture firm. His past work includes tracing funds from major exploits, identifying wallets linked to celebrity rug pulls, and producing reports cited in U.S. Department of Justice filings. He is widely treated by exchanges and journalists as a credible source on wallet attribution and on-chain fund movement.