World, OpenAI CEO Sam Altman’s digital ID project (previously known as WorldCoin), is facing new trouble in Thailand, where local authorities are raiding an iris-scanning facility allegedly operated by the platform.
The Securities and Exchange Commission of Thailand (SEC) announced on Friday that it conducted a joint operation with the Cyber Crime Investigation Bureau (CCIB) to raid iris scanning locations associated with the “WLD Exchange Service.”
World’s WLD (WLD) tokens are the project’s native cryptocurrency and will be distributed to eligible World ID users in exchange for verification via iris scan at World’s Orb locations.
According to World data, the platform operates 102 Orb locations in Thailand.
operating without a license
The SEC and CCIB said they found that the WLD exchange service provider operated without a license and may have violated local digital asset laws.
“Investigating authorities have arrested the suspect for the criminal act, subject to further relevant law enforcement proceedings,” the statement said.
sauce: Securities and Exchange Commission of Thailand
According to World, the platform will only distribute WLD tokens in exchange for validation in jurisdictions “where the law allows.”
“Eligibility for WLD tokens is limited based on geography, age, and other factors,” World said on its website, adding that the company is not responsible for the availability of WLD on third-party platforms, including centralized and decentralized exchanges.
Cointelegraph reached out to World’s developer, Tools of Humanity, for comment on the attack, but did not receive a response in time for publication.
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