OpenClaw AI Bans Crypto on Discord After Token Chaos
Following significant community backlash and liquidity events surrounding its CLAWD token, the OpenClaw AI project has banned all cryptocurrency-related discussion on its official Discord server. The move is viewed as a reaction to the volatility and confusion in the AI agent token ecosystem. This signals how quickly experimental AI-meme narratives can face challenges with community management and trust.
- The "CLAWD" token was a scam that took advantage of a rebranding effort; the project was originally named "Clawdbot," then briefly "Moltbot," and finally "OpenClaw." During the name changes, scammers seized the old, abandoned social media handles to promote the fraudulent Solana-based token. - The fraudulent CLAWD token's market capitalization surged to approximately $16 million within hours of its launch before collapsing by over 90%. This happened after OpenClaw's creator, Peter Steinberger, publicly denied any involvement with the token. - On-chain data for the fraudulent Solana-based CLAWD token shows a total supply of nearly 1 billion tokens and over 1,300 holders. As of late February 2026, its market capitalization had fallen to just thousands of dollars, a stark contrast to its $16 million peak. - The ban on all cryptocurrency-related discussion on the official Discord is so strict that a developer was removed for simply referencing the Bitcoin block height as a neutral timing mechanism in a technical benchmark. Peter Steinberger, the project's founder, confirmed this "no crypto mention whatsoever" policy. - The creator of OpenClaw, Peter Steinberger, has since joined OpenAI to lead its personal agents division. The OpenClaw project has been moved to an independent open-source foundation to continue its development. - The incident has not been isolated to just a fraudulent token. Security researchers have also identified hundreds of malicious add-on scripts for OpenClaw, many specifically designed to target and steal from crypto traders.
