Pretty crazy story about what happened to this AI project. One of he guys in a local Bitcoin group was just talking about how good it was the other day.
Within hours of the rename chaos, fake $CLAWD tokens appeared on Solana. At peak, the token hit a $16 million market cap as speculators FOMO'd in, thinking they were getting early access to "the next big AI coin."
Then Steinberger dropped the hammer:
"To all crypto folks: Please stop pinging me, stop harassing me. I will never do a coin. Any project that lists me as coin owner is a SCAM. No, I will not accept fees. You are actively damaging the project."
The token immediately collapsed to near-zero. Late buyers got rugged. The scammers walked away with millions.
The whole saga has become a masterclass in how quickly crypto vultures can exploit mainstream tech moments.