Anthropic and OpenAI Declare Unauthorized Share Transfers Void; Tokenized Shares Crash
If you bought a slice of Anthropic or OpenAI on the secondary market, you might want to sit down. The labs just told the market, in unison, that your shares may not exist.
Anthropic and OpenAI both updated their stock-transfer policies this week to declare any share transfer made without board approval "void" — not voidable, void. A void transfer never legally happened. The buyer is not recognized as a shareholder and has no rights. OpenAI's language was nearly identical: transfers without written consent "will not be recognized and carry no economic value to you."
