Rohan Paul@rohanpaul_ai

2026-05-12 11:32·51天前

AI 摘要

OpenAI通过官方博客再次明确警告，任何未经公司书面同意的股权或经济利益转移均可能无效且价值归零。其股权不可自由交易，所有直接或间接的转让行为，包括出售、质押、侧协议、特殊目的载体（SPV）、代币化权益、远期合约等任何旨在获取OpenAI股份经济收益的结构，都必须事先获得公司批准。OpenAI特别指出，即使通过SPV等间接投资工具获取敞口，或试图利用区块链代币化权益、远期合约等方式绕过股权法律约束，均可能违反规定，导致相关交易在法律上无效。

OpenAI just warned investors again with an official blog that unauthorized deals claiming exposure to its equity may be legally void and worth $0.

OpenAI equity is not freely tradeable， because every direct or indirect transfer needs written consent from OpenAI before the seller can move any economic interest.

This restriction does not only cover normal share sales， but also pledges， side agreements， SPVs， tokenized claims， forward contracts， or any structure designed to give someone the financial upside of OpenAI shares.

An SPV is a small investment vehicle that often pools money to buy one private company's shares， but OpenAI is saying even indirect exposure through such a vehicle can violate its rules.

A tokenized interest is a blockchain-based claim that tries to represent ownership or upside in an asset， but OpenAI is saying a token cannot bypass the legal contract governing the actual equity.

A forward contract is a promise to deliver future economics tied to shares， but OpenAI is treating these arrangements as possible attempts to transfer value without permission.

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2026-05-12 11:32·51天前

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AI 摘要

OpenAI just warned investors again with an official blog that unauthorized deals claiming exposure to its equity may be legally void and worth $0.

OpenAI equity is not freely tradeable， because every direct or indirect transfer needs written consent from OpenAI before the seller can move any economic interest.

An SPV is a small investment vehicle that often pools money to buy one private company's shares， but OpenAI is saying even indirect exposure through such a vehicle can violate its rules.