OpenAI Warns Investors About Robinhood’s Crypto Token Launch: ‘No Equity Transfer Approved’

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OpenAI has rebuked Robinhood’s new crypto token launch, warning investors the assets are not official shares in the company.

“These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it,” the company posted on X. OpenAI added that “any transfer of OpenAI equity requires our approval — we did not approve any transfer.” Robinhood had promoted the tokens to European users as a way to gain indirect exposure to private firms like OpenAI and SpaceX.

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