Anthropic, OpenAI declare unauthorized AI startup shares worthless
Summary
Leading AI firms Anthropic and OpenAI have formally invalidated unauthorized secondary market share transfers, specifically targeting Special Purpose Vehicles (SPVs) used by retail investors to bypass direct ownership requirements. By declaring these transactions void and refusing to recognize such buyers as shareholders, the companies have put platforms facilitating these trades, such as Forge Global, on notice. This enforcement poses a significant risk to crypto-native products that offer tokenized exposure to these private companies, as the underlying assets may be legally nonexistent, essentially nullifying the value of the associated tokens.
(Source:Crypto Briefing)