A Worldcoin spokesperson told Cointelegraph that people covered by their policies are prohibited from disclosing confidential information relevant to WLD purchasing decisions.
Human identity project Worldcoin denied the recent allegations that it allowed insiders to profit from the movements of its token and highlighted that it has “zero tolerance” for such activities.
On July 17, decentralized finance (DeFi) insights account DeFi Squared published an X post alleging that the Worldcoin project engaged in price manipulation of its Worldcoin (WLD) token. Furthermore, the account said that it was possible that someone from the team “used insider information” to buy the token before the project announced a delay to its native token unlock schedule.
Apart from DeFi Squared, pseudonymous crypto investigator ZachXBT also chimed in, alleging that Worldcoin allowed insiders to profit from its “scam token.” The blockchain analyst said that team members and venture capitalists are complicit in what ZachXBT described as “the biggest scam token of the bull run.”
