Caution: Beware of Worldcoin!
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="678" height="448" />)
A recent examination of World Coin has revealed some concerning aspects that warrant caution. According to the findings, the project has raised a substantial $115 million with a valuation of $150 million from angel investors, with more details available on the investors involved. However, what's worrying is that among these investors are individuals and companies that are already bankrupt, including Sam Bankman Fried and Three Arrows Capital.
Furthermore, it appears that the value of their investment has already seen an increase of 20 times. This raises the potential risk that once the lock-up period expires, these financially challenged investors might swiftly offload their tokens, which could lead to a significant market downturn.
Given the current volatility in the market, it would be prudent to stay away from World Coin at this point in time. Delving into this investment without thorough understanding and research could lead to substantial financial losses. Exercise caution and wait for the situation to stabilize before considering any involvement with World Coin.
Always remember to conduct your own research and make informed decisions when dealing with cryptocurrencies or any high-risk investments.
9 comments