April 19, 2024
Latest Cryptocurrency News

Worldcoin Token Launch Marred by Impersonators with Blue Checks Scamming Twitter Users

Following the launch of the Worldcoin human identity verification token, numerous fake accounts on Twitter (now ‘X’) have begun promoting harmful links to unsuspecting users.

On July 24, Twitter officially unveiled its new identity as “X,” along with the Worldcoin token launch. While the response to the rebranding has been mixed, Twitter’s policy of providing differently colored check marks based on the account type, which started in December 2022 during Elon Musk’s tenure as CEO, remained unchanged.

Since establishing its presence on Twitter in August 2009 and receiving a verified gold check mark for its business account, Worldcoin has encountered a proliferation of impersonators. Many of these fraudulent accounts sported variations of Worldcoin’s logo and name, with at least seven displaying a deceptive blue check mark, requiring scammers to pay a monthly fee of $8.

Twitter has taken action against many of these fake accounts falsely claiming to be associated with Worldcoin, particularly during the token’s airdrop promotion to followers. Even before the Worldcoin token launch, many fake accounts increased their tweet frequency starting from July 24.

Ironically, the Worldcoin project’s main goal was to differentiate genuine users from bots through identity verification using retinal scans. Prior to its official launch, over 2 million people had signed up for the project, and the aim was to reach over 2 billion individuals, if not the entire global population. Since the token’s launch, Worldcoin co-founder Sam Altman reported an impressive rate of “getting verified every 8 seconds” through iris scans worldwide.

Image by Freepik

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