Technology and Scienceupdated 1h ago2 min read
Anthropic Warns U.S. SEC Hacks Using Claude Could Cause Financial, Legal, Physical Damage
“Already, cybersecurity-focused models by Anthropic and rival OpenAI can find and exploit cybersecurity vulnerabilities at an alarming speed.”
“there’s one class of humanity that is being shut out of control: anyone who buys its stock on public markets.”
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Anthropic files for US IPO; founders retain 50.1% voting control amid major investors. S-1 reveals multi-class stock; public receives Class A with limited rights.
IPO filing flags cyber risks
Anthropic told the U.S. Securities and Exchange Commission that its AI systems could “drastically reshape the software and cybersecurity sectors in the near term,” while also warning that hacks by bad actors using Claude or AI agents could cause financial, legal or physical damage.
Anthropic said, “Any successful attempt to misuse, or any perceived misuse of, our models, platform, and applications for a cyberattack or for any other malicious purpose could result in exposure to liability, disruption of our customer or other commercial relationships, or damage to our reputation,” as it described persistent risk from increased efforts by bad actors, including foreign governments.
Anthropic also warned that its models could be used in cyberattacks carried out by foreign governments and cybercriminal groups, and it said it expects those efforts to increase as cybersecurity capabilities improve.
Andrew Yoon, head of research at the nonprofit CivAI, said the document and Anthropic’s record show a company that has “consistently put profit considerations over building safer AI,” adding, “Despite all of these risks that they flagged, they’re moving ahead pretty much as fast as humanly possible.”
Governance keeps founders in control
Anthropic’s IPO filing created a Long-Term Benefit Trust, or LTBT, and it gave five “financially disinterested voting trustees” the power to elect four of its seven board directors, according to Investopedia’s account of the filing. The LTBT structure includes a former Fed Chair Ben Bernanke, and Anthropic’s seven co-founders would together own one share of Class F common stock representing 50.1% of total voting power.
The board is chaired by Anthropic president Daniela Amodei and includes CEO Dario Amodei, Netflix cofounder Reed Hastings, former Microsoft and GM CFO Christopher Liddell, Novartis CEO Vas Narasimhan, and Spark Capital partner Yasmin Razavi. Class F is a single share held by an LLC owned by the seven co-founders, and it carries 50.1% of the vote on almost everything shareholders decide, including electing every director the trust doesn’t pick.
Nasdaq listing, safety warnings
Anthropic filed its IPO prospectus publicly with the U.S. Securities and Exchange Commission on October 26, and it was expected to list its shares on the “Nasdaq” exchange during November, according to Daily Beirut.
Anthropic’s filing revealed revenues of $16.3 billion in the first six months of 2026 compared to $1.2 billion in the same period of 2025, and it recorded a net loss of $80.7 billion in the first half of 2026 compared to a net loss of $13 billion in the same period of 2025.
Anthropic’s S-1 includes warnings about “catastrophic or existential risks to humanity,” and it described how Class A shares are the ones the public buys while Class F carries control without economic rights.
Anthropic expects bad actors, including foreign governments, to increase their efforts to access its latest frontier models as their cybersecurity capabilities improve, and the company is “actively” improving security infrastructure and controls.