The Worldcoin developer once investigated the embezzlement of funds by executives to manipulate the coin's price, with the Thai partner suspected of aiding a fugitive scammer.

BlockBeats News, June 25th, according to Business Insider citing insider sources, Worldcoin developer Tools For Humanity launched two investigations led by external law firms last year, targeting alleged executive fund misuse and potential regulatory violations in Thailand. The company's executives were accused of approving a multi-million dollar payment to a foreign entity.

Reportedly, the purpose of this fund was not for regular business purchases or services, but rather for artificially boosting the market price of its cryptocurrency, Worldcoin. Additionally, Tools for Humanity's partner in Thailand turned out to be an internationally wanted Ponzi scheme suspect. Meanwhile, regulatory bodies in several countries globally have raised serious concerns about Tools for Humanity's iris scanning and data collection methods.