Microsoft Execs Compare Altman to SBF and Madoff as Worldcoin Falls 2.9%
A 15,000-word probe accuses OpenAI CEO Sam Altman of systematic deception, with senior Microsoft executives comparing him to Sam Bankman-Fried and Bernie Madoff. Worldcoin token dropped 2.9% to $0.2432, down over 10% in seven days, with a $790 million market cap before a July 23 unlock releasing 52.5% of supply.
1. Allegations Against Sam Altman
A 15,000-word probe accuses OpenAI CEO Sam Altman of systematic deception, citing interviews with over 100 insiders. Multiple senior Microsoft executives reportedly claim Altman misrepresented agreements and reneged on deals, warning his actions could mirror historical financial frauds.
2. Worldcoin Market Reaction
Worldcoin token slid 2.9% to $0.2432 and is down over 10% in the past week, reflecting shaken investor confidence. The token’s $790 million market cap faces additional selling pressure from a July 23 cliff unlock that will release 52.5% of total supply.
3. Governance Changes at OpenAI
CFO Sarah Friar has been excluded from key financial discussions after warning of slowing revenue growth and unsustainable server spending commitments. This structural shift, with Friar no longer reporting directly to Altman, raises governance questions ahead of the planned 2026 IPO.