---
title: "Covenant AI quits Bittensor citing 'decentralization theatre,' as TAO plunges 18%. Founder refutes claims."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282333605.md"
description: "Covenant AI announced its decision to withdraw from Bittensor citing concerns over the excessive control exerted on subnets and the substantial scale of TAO token sales. Nevertheless, the founder of Bittensor refuted all accusations."
datetime: "2026-04-10T10:46:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282333605.md)
  - [en](https://longbridge.com/en/news/282333605.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282333605.md)
generator: "portal-rs"
---

# Covenant AI quits Bittensor citing 'decentralization theatre,' as TAO plunges 18%. Founder refutes claims.

Covenant AI announced its decision to withdraw from Bittensor citing concerns over the excessive control exerted on subnets and the substantial scale of TAO token sales. Nevertheless, the founder of Bittensor refuted all accusations.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**