Worldcoin has denied recent allegations that it allowed insiders to profit from WLD, and stressed that it has "zero tolerance" for such activities.
Its spokesperson said: "The Worldcoin Foundation and contributor Tools for Humanity take any allegations of insider trading seriously, even if they are unfounded and unproven, and we will not tolerate such behavior if it occurs."
The spokesperson added that the two agencies have not found evidence to confirm the allegations of insider trading activities and price manipulation, and the official maintains a strict market integrity policy to prevent these activities.
The representative also said that the relevant persons covered by its policy "are prohibited from disclosing confidential information related to WLD purchase decisions at any time." The spokesperson added that during the relevant time, these persons were in an effective control period and were prohibited from engaging in any WLD trading activities. (Cointelegraph)
Earlier news, Worldcoin faced community price manipulation and fraud charges for delaying the unlocking of 80% of its native tokens. Cryptocurrency investigator ZachXBT posted on the X platform that the WorldCoin project allowed insiders to continue to profit from its "scam." DeFi Squared also disclosed that before the news was announced, someone on the WorldCoin team was suspected of "using insider information to buy news in advance."