Apr 10, 2026
Bittensor Co-Founder Faces Exodus of Major Builder Over Decentralization Concerns, TAO Drops 18%
Covenant AI, a leading subnet operator, publicly exited Bittensor citing 'decentralization theatre' and alleging punitive actions from co-founder Jacob Steeves. The TAO token fell 18% following the announcement, with Steeves denying the allegations.
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