- Authorities in Thailand raided an iris scanning site linked to the digital identity project led by OpenAI CEO Sam Altman.
- The raid targeted a service related to the WLD cryptocurrency token, which is exchanged for iris verification.
- The operation was a joint effort by Thailand’s Securities and Exchange Commission (SEC) and Cyber Crime Investigation Bureau (CCIB).
- The SEC alleges the token exchange service operated without the required local license.
- The project has faced similar regulatory issues in countries including Indonesia, Germany, Kenya, and Brazil.
Authorities in Thailand conducted a raid on an iris scanning location operated by the digital identity project formerly known as Worldcoin, led by OpenAI CEO Sam Altman. The action took place after concerns over the operation of WLD exchange services at this site.
The raid was carried out jointly by Thailand’s Securities and Exchange Commission (SEC) and the Cyber Crime Investigation Bureau (CCIB). Thailand’s SEC announced the move, stating that the service provider involved with WLD token exchange may have violated local digital asset laws by operating without a license.
The WLD token is the native cryptocurrency of the project, received by verified users in exchange for iris scans at designated orb locations. According to the project’s data, there are 102 such orbs operating in Thailand. The SEC reported that suspects were arrested during the investigation, with further legal proceedings expected.
The project’s website notes that WLD tokens are distributed only where local laws permit verification and use. It also states that eligibility depends on factors such as geography and age, and the project does not control WLD availability on third-party exchanges. More details about the token can be found on the project’s website.
This is not the first regulatory challenge faced by the project. In May, Indonesia’s Digital Ministry investigated local operators for potential suspicious activity and licensing issues, leading to a voluntary pause in services there. Other countries including Germany, Kenya, and Brazil have raised concerns about the security of users’ biometric data on the platform.
Further details and updates about the raid have not been provided by the project’s developer, Tools of Humanity. Additional information is available in the official SEC announcement. The platform’s orb locations in Thailand can be reviewed here.
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