Worldcoin Firmly Denies Insider Trading and Price Manipulation Allegations, Emphasizing 'Zero Tolerance' Policy
Publication Time:2024-07-23 18:01:07
Recently, the cryptocurrency company Worldcoin issued a statement in response to recent allegations, denying any involvement of insider trading activities. A spokesperson clearly stated that the Worldcoin Foundation and its contributor Tools for Humanity take all accusations of insider trading very seriously, regardless of whether they are based on facts or unverified claims. The spokesperson further emphasized that no solid evidence has been found to support the allegations of insider trading activities and price manipulation. The organization stresses its strict adherence to market integrity policies aimed at preventing such illegal activities. To strengthen preventive measures, relevant individuals are strictly prohibited from leaking sensitive information related to WLD purchase decisions during specific periods and are forbidden from engaging in any WLD trading activities during this time. Earlier, Worldcoin faced community skepticism regarding potential price manipulation and fraud due to allegations of delaying the unlock of 80% of the native tokens. Cryptocurrency investigator ZachXBT raised concerns on social platform X that the WorldCoin project allows insiders to continue profiting from their 'fraudulent operations.' DeFi Squared reported that there were suspicions of internal personnel using insider information to buy news ahead of time.
Worldcoin
insider trading
price manipulation
zero tolerance policy