{"id":581419,"date":"2026-04-10T12:45:23","date_gmt":"2026-04-10T12:45:23","guid":{"rendered":"https:\/\/news.bitcoin.com\/?p=804954"},"modified":"2026-04-10T12:45:23","modified_gmt":"2026-04-10T12:45:23","slug":"tao-plummets-25-as-bittensor-co-founder-accused-of-using-token-sales-to-coerce-compliance","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/04\/10\/tao-plummets-25-as-bittensor-co-founder-accused-of-using-token-sales-to-coerce-compliance\/","title":{"rendered":"TAO Plummets 25% as Bittensor Co-Founder Accused of Using Token Sales to Coerce Compliance"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"432\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/04\/tao-plummets-25-as-bittensor-co-founder-accused-of-using-token-sales-to-coerce-compliance_nwmk-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"TAO Plummets 25% as Bittensor Co-Founder Accused of Using Token Sales to Coerce Compliance\" style=\"float:left;margin:0 15px 15px 0\" \/>Bittensor\u2019s native token, TAO, plunged 25% in six hours, dropping from $337 to $253. The crash wiped out over $650 million in market capitalization and triggered $9.1 million in long liquidations. Key Takeaways: Covenant AI left Bittensor on April 8, alleging co-founder Jacob Steeves maintains centralized control. TAO plummeted 25% to $253, wiping $650 million [&#8230;] <a href=\"https:\/\/news.bitcoin.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bittensor\u2019s native token, TAO, plunged 25% in six hours, dropping from $337 to $253. The crash wiped out over $650 million in market capitalization and triggered $9.1 million in long liquidations. Key Takeaways: Covenant AI left Bittensor on April 8, alleging co-founder Jacob Steeves maintains centralized control. TAO plummeted 25% to $253, wiping $650 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":581420,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-581419","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/581419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=581419"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/581419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/581420"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=581419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=581419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=581419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}