Rug.AI co-founder Joe Ayoub will no longer be involved in the company's daily operations due to shareholding disputes.

Odaily Planet Daily News Artificial Intelligence On-Chain Security Platform Rug.AI Co-Founder Joe Ayoub announced in a post on X that he will no longer be involved in the project's daily operations. Ayoub revealed that he had resigned from a leading global organization earlier and founded Rug.AI a year ago with a trusted friend. As of today, he does not hold any shares in the company, all of which are legally owned by his co-founders. However, he has made it clear that Ayoub will need to take legal action to obtain company shares as he does not believe they had agreed to share ownership. He added that he has no actual control over the direction of Rug.AI, so he cannot act in the interests of users, investors, and employees. For this reason, he cannot continue to be involved in the company's daily affairs. In March last year, the artificial intelligence security platform Rug.AI announced the completion of a $1.10 million Pre-Seed round of financing, led by No Limit Holdings, with participation from Mask Network, Builder Capital, Formless Capital, Prismatic Capital, Roshun Patel, Pentoshi, Avi Felman, MacnBTC, and Andrej Radonjic, among other institutions and angel investors. Rug.AI is an artificial intelligence security platform dedicated to providing an end-to-end on-chain security solution.