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๐จ BREAKING: Musk vs Altman trial kicked off in Oakland.
Jury seated. Opening arguments today.
2 years of "Scam Altman" tweets. Now under oath.
But most crypto folks don't see the Worldcoin damage.
Let me break it down.
๐ THE TRIAL IN ONE LINE
Musk wants $134B disgorged.
Altman ousted.
For-profit conversion reversed.
2 claims left:
โ Breach of charitable trust
โ Unjust enrichment
Microsoft also on the hook.
๐ WHY CRYPTO CARES
Altman co-founded Worldcoin.
Same playbook. Different scale.
"For humanity" mission.
Iris scans for $50.
Unlocks bleeding holders.
His credibility on trial. WLD holders pay.
๐ WLD BY THE NUMBERS
โ Price: $0.24
โ Down 97% from ATH
โ Mcap: ~$790M
โ 25M users, 12M Orb-verified
โ Top 100 wallets hold 90%+
Decentralization story died long ago.
๐ THE JULY 23 CLIFF
52.5% of total WLD supply unlocks.
Daily unlocks already ~5.1M tokens.
Foundation already dumped 239M WLD for $65M in March.
Price hit ATL right after.
Insiders selling. Retail bagholding.
๐ REGULATORY GRAVEYARD
โ Kenya: data deletion ordered
โ Spain & Germany: same
โ Thailand: 1.2M scans flagged, Cambodian fraud ties
โ Probes in India, Indonesia, Brazil, UK
Iris harvesting from the poorest. For pocket change.
ZachXBT called it SBF-tier.
๐ THE NEW YORKER BOMB
3 weeks ago. 15,000 words. 100+ interviews.
โ Board member: "sociopathic"
โ Microsoft execs: Madoff and SBF comparisons
โ Pattern of misrepresenting deals
WLD dropped 10% that week.
Hasn't recovered.
๐ THE $SCAM SIDESHOW
Solana memecoin off Musk's tweets.
โ $10M mcap in 8 hours
โ $19.6M volume
Altman's name is now a tradeable liability.
๐ WHAT TO WATCH
โ Apr 27 to May 22: liability phase
โ May 18: remedies hearing
โ Jul 23: WLD 52.5% cliff
โ Late 2026: OpenAI IPO
Altman loses liability. IPO narrative cracks.
WLD breaks $0.22. Unlock has nowhere to land.
Two ticking clocks. Same man.
OpenAI was sold as a charity for humanity.
Worldcoin was sold as proof of humanity.
Both became extraction machines.
Now a federal court decides if that pattern has a name.