World, a digital identity program supported by OpenAI’s CEO Sam Altman, is currently under investigation in Thailand.
The investigation began after Thai officials conducted a raid on one of its local verification sites.
The raid took place at a location where people had their eyes scanned in return for Worldcoin
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Thailand’s Securities and Exchange Commission (SEC) and the Cyber Crime Investigation Bureau (CCIB) jointly carried out the raid.
Officials said the site in question may have been offering exchange services for the WLD token without proper authorization. They believe this may go against the country’s laws on digital assets.
In a public statement, the SEC explained that suspects have been arrested and will face further legal steps.
World stated that it only provides WLD tokens in countries where doing so is legal. The company also noted that it does not manage or control how WLD is offered on outside platforms, such as crypto exchanges.
On its website, World adds that users must meet certain requirements, including location and age, to be eligible for tokens.
According to data from World, over 100 iris-scanning stations are operating across Thailand. These stations are used to carry out identity checks using eye scans.
Recently, World added access to prediction markets through a partnership with Polymarket. What did the company say? Read the full story.
