---
title: "Elon Musk 'shot down' OpenAI's ICO plan in 2018 over credibility concerns"
url: https://diffcoin.com/elon-musk-shot-down-openais-ico-plan-in-2018-over-credibility-concerns/
description: "According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) \"would simply result in a massive loss of credibility for…"
published: 2024-11-16
updated: 2024-11-16
author: "Mila"
site: "Diffcoin"
---

# Elon Musk 'shot down' OpenAI's ICO plan in 2018 over credibility concerns

According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) “would simply result in a massive loss of credibility for OpenAI.”

[Source link](https://cointelegraph.com/news/elon-musk-sam-altman-openai-cryptocurrency-ico-plans-court-filing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)