OpenAI Slams Robinhood’s ‘OpenAI Tokens’ as Misleading and Unauthorized
OpenAI denies involvement in Robinhood's ‘OpenAI tokens’, warning investors against the misleading crypto-based offering.
Matilda
OpenAI Slams Robinhood’s ‘OpenAI Tokens’ as Misleading and Unauthorized OpenAI Condemns Robinhood’s ‘OpenAI Tokens’ as Misleading Investment Tactic Confusion around “OpenAI tokens” has sparked widespread concern among investors, prompting OpenAI to publicly distance itself from Robinhood’s recent announcement. The tokens, which are being marketed as a way for individuals in the European Union to gain exposure to OpenAI’s value, do not equate to actual equity in the company. In a post shared via its official newsroom account on X (formerly Twitter), OpenAI emphasized that it did not authorize, endorse, or participate in any way with the token launch. The company clarified that any genuine transfer of OpenAI equity requires direct approval from its board—and no such approval was granted for Robinhood’s offering. For investors seeking clarity on whether these tokens represent ownership, the answer is no. And OpenAI wants to make that as clear as possible. Image Credits:FABRICE COFFRINI/AFP / Getty Images What Are ‘OpenAI Tokens’ and Why Is OpenAI Objecting? The …
