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Anthropic, OpenAI tokenized PreStocks on Solana plunge after unauthorized equity transfer warnings

The Block
Solana-based PreStocks for Anthropic and OpenAI plummeted after both companies warned that unauthorized tokenized equity transfers are invalid.

Summary

Solana-based PreStocks tokens representing Anthropic and OpenAI experienced sharp price declines following formal warnings from both AI firms. The companies clarified that unauthorized equity transfers, including those made via tokenized instruments or special-purpose vehicles, are void and unrecognized. Both Anthropic and OpenAI emphasized that such transactions may violate securities laws and fail to grant buyers actual stockholder rights, leading to significant market value drops for these unofficial financial instruments.

(Source:The Block)