At an emergency meeting, the OpenAI Board of Directors decided to dismiss the company’s CEO from his position. The Worldcoin project’s own token immediately reacted by falling by more than 30%.

Sam Altman was fired due to loss of trust:

“Sam Altman was not always forthcoming with the board of directors, which limited his ability to carry out his responsibilities. The board no longer has confidence in his ability to continue to lead OpenAI,” the statement said.

The WLD token fell immediately from $2.48 to $1.84.

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It later became known that Altman retained his post as co-founder and chairman of the board of Tools for Humanity, the company behind the Worldcoin project, and the OpenAI Board of Directors was considering options to withdraw its decision.

Earlier, a Kenyan parliamentary commission called on the country’s government to ban any activity of the Worldcoin cryptocurrency project in the country due to concerns about the collection and illegal use of citizens’ personal data.