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CryptoIntelligence 2024-07-24 23:59:08

Worldcoin Denies Insider Trading Allegations Amid Token Unlock Delay and Price Surge

Worldcoin has firmly denied recent accusations of allowing insiders to profit from token movements, emphasizing its “zero tolerance” policy for such activities. On July 17, DeFi Squared, a decentralized finance insights account, published a post alleging that Worldcoin engaged in price manipulation of its Worldcoin token. The account suggested that someone within the team might have used insider information to buy the token before the project announced a delay in its native token unlock schedule. Alongside DeFi Squared, pseudonymous crypto investigator ZachXBT also accused Worldcoin of allowing insiders to profit from what he termed a “scam token.” He alleged that

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