PANews reported on July 23 that according to Cointelegraph, the digital identity project Worldcoin denied recent allegations that it allowed insiders to profit from changes in its tokens, and emphasized "zero tolerance" for such activities. On July 17, the DeFi insight account DeFi Squared published an X post accusing the Worldcoin project of suspected price manipulation and saying that someone in the team may have "used insider information" to buy tokens before the project announced the postponement of its native token unlocking plan. In addition, anonymous cryptocurrency investigator ZachXBT also accused Worldcoin of allowing insiders to profit from its "scam tokens." ZachXBT said that Worldcoin team members and venture capitalists were involved in "the biggest scam token in the bull market."
A Worldcoin spokesperson denied the allegations against it, saying they are taking them seriously and will not allow such activity. A Worldcoin spokesperson said: "The Worldcoin Foundation and donor Tools for Humanity take any allegations of insider trading seriously, even if the allegations are unfounded and unproven, and we will adopt a zero-tolerance approach if such behavior occurs." The spokesperson added that the two organizations have not found evidence to substantiate the claims of insider trading activities and price manipulation. Worldcoin claims that they maintain a strict market integrity policy to prevent these activities; that those covered by their insurance are "always prohibited from disclosing confidential information related to WLD purchase decisions"; and that during the relevant time period, they were under an active blackout period that prohibited them from participating in any WLD trading activities.
