🔗 Crypto & Blockchain

Bittensor's TAO Tanks 18% as Covenant AI Exits Over Founder's Iron Fist

Bittensor promised decentralized AI glory, with TAO soaring on hype. Now, a star builder's dramatic exit exposes the founder's control freak moves—and the token's in freefall.

Fintech Dose Apr 11, 2026 3 min read
Red chart of Bittensor TAO token price crashing amid founder and builder feud

⚡ Key Takeaways

  • TAO token plunged 18% after Covenant AI's exit over centralization claims against founder Jacob Steeves. 𝕏
  • Covenant accused Steeves of suspending emissions and overriding community control—Steeves denies it. 𝕏
  • Drama erases post-All-In Podcast gains; exposes risks in 'decentralized' AI networks. 𝕏
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Fintech Dose

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#BitTensor TAO #Bittensor #Covenant AI #TAO token #crypto drama #decentralization drama #decentralized AI #token plunge

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Originally reported by Decrypt

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