Worldcoin Denies Insider Trading Claims After Allegations Surface

IconCryptoNewsTerminal Staff23 Jul, 2024

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Worldcoin Denies Insider Trading Claims After Allegations Surface

Worldcoin (WLD) has vehemently denied allegations of insider trading, reiterating its commitment to ethical practices and transparency. This assertion comes after crypto trader DeFi^2 insinuated that privileged access may have been exploited to purchase WLD ahead of a significant announcement. The Worldcoin Foundation and Tools For Humanity, the entities behind the project, stated that they take such accusations very seriously and would not hesitate to address any wrongdoing if proven. They emphasized that an extensive internal review had not uncovered any evidence supporting the allegations. These allegations emerged amidst speculation regarding substantial price fluctuations attributed to team tokenomics and market-making strategies. Worldcoin's denial aims to address these concerns and maintain trust within its community. The company's commitment to ethical conduct and transparency remains a cornerstone of its operations, as evidenced by its prompt response to these allegations.

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