Worldcoin Developer Hit by Dual Probes: Executives Accused of Embezzling Funds to Pump Token Price; Thai Partner Is Wanted ‘Pig Butchering’ Scammer

According to Business Insider, Tools For Humanity, the developer of Worldcoin, launched two external investigations last year. One probe looked into executive misuse of funds, the other into irregularities in its Thai operations. Executives are accused of approving millions in payments to a foreign firm solely to artificially inflate Worldcoin's market price. Meanwhile, its Thai partner is revealed to be an internationally wanted 'pig butchering' scam suspect. Global regulators are also raising serious concerns about the project's iris-scanning and data collection practices.