Tools for Humanity executives accused of misappropriating millions of company funds to inflate Worldcoin price
Odaily Odaily reports that Tools for Humanity, co-founded by OpenAI CEO Sam Altman, has simultaneously launched two internal investigations led by external law firms, targeting improper use of funds by executives and alleged violations in its Thailand operations. The relevant company executives are accused of approving payments totaling millions of dollars to a foreign company. The purpose of these funds was not normal business procurement or service fees, but rather to artificially inflate the market price of its cryptocurrency, Worldcoin. Additionally, Tools for Humanity's partner in Thailand is reportedly an internationally wanted suspect in "pig butchering" scams. Meanwhile, regulatory agencies in multiple countries around the world have raised serious concerns about Tools for Humanity's iris scanning and data collection methods. (BusinessInsider)
