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Sam Altman’s World Under Investigation in Thailand Over WLD Exchange

Key Takeaways

  • ​Thai authorities raided a World verification site over concerns it may have illegally offered WLD token exchange services without a license;
  • The raid was led by Thailand's SEC and CCIB, which resulted in arrests and an ongoing legal investigation into potential violations of digital asset laws;
  • World says it only distributes WLD tokens where legally allowed and doesn’t control third-party platforms that list or trade the token.

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Sam Altman’s World Under Investigation in Thailand Over WLD Exchange

World, a digital identity program supported by OpenAI’s CEO Sam Altman, is currently under investigation in Thailand.

The investigation began after Thai officials conducted a raid on one of its local verification sites.

The raid took place at a location where people had their eyes scanned in return for Worldcoin WLD $0.8982 , World's native token. This biometric check is part of World’s process for confirming identities and issuing digital credentials.

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Thailand's Securities and Exchange Commission (SEC) and the Cyber Crime Investigation Bureau (CCIB) jointly carried out the raid.

Officials said the site in question may have been offering exchange services for the WLD token without proper authorization. They believe this may go against the country’s laws on digital assets.

In a public statement, the SEC explained that suspects have been arrested and will face further legal steps.

World stated that it only provides WLD tokens in countries where doing so is legal. The company also noted that it does not manage or control how WLD is offered on outside platforms, such as crypto exchanges.

On its website, World adds that users must meet certain requirements, including location and age, to be eligible for tokens.

According to data from World, over 100 iris-scanning stations are operating across Thailand. These stations are used to carry out identity checks using eye scans.

Recently, World added access to prediction markets through a partnership with Polymarket. What did the company say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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