OpenClaw Enforces No-Crypto Rule on Discord Following Scams
- Peter Steinberger, developer of OpenClaw, has banned all mentions of bitcoin and crypto on the project’s Discord server.
- The ban follows a January incident where scammers promoted a fake token called $CLAWD, leading to a market cap of $16 million before crashing over 90%.
- Steinberger received harassment from traders after denying involvement with the fraudulent token, emphasizing he will not endorse any coin.
- Security researchers identified hundreds of OpenClaw instances exposed online without authentication and found numerous malicious scripts targeting crypto traders.
- OpenClaw has since transitioned to an independent open-source foundation, with Steinberger now leading OpenAI’s personal agents division.
The strict no-crypto policy aims to protect the integrity of OpenClaw after it faced significant challenges due to speculative token culture that nearly derailed the project.
This decision reflects ongoing concerns about scams in the crypto space, as evidenced by the rapid rise and fall of $CLAWD, which peaked at a $16 million market cap before collapsing. (Source)
