Anthropic warns unauthorized third-party stock purchases are void, tokenized shares crash 45%
Anthropic declared unauthorized third-party stock purchases void, triggering a 45% crash in tokenized PreStocks on Solana and wiping $638B in notional value.
ā¤ Anthropic declared unauthorized third-party purchases of its stock, including tokenized shares on Solana, as void, causing a 45% crash in PreStocks and wiping out $638 billion in notional value. ā¤ The company emphasized that these token holders are not recognized shareholders, highlighting the failure of the tokenized pre-IPO market and the importance of cap table integrity for private companies. ā¤ This event serves as a stark warning about the limits of tokenizing private equity without issuer consent, underscoring that blockchain immutability does not override corporate legal structures and securities laws.
