Overview
- Shaw Walters announced Wednesday that the ELIZAOS token is “dead” and the Eliza foundation is winding down after a legal settlement.
- Walters said the foundation transferred its remaining treasury to settle a proposed class action filed by Burwick Law in the Southern District of New York.
- The suit accused the project of misleading investors about an autonomous AI-run fund and of diluting holders during the ai16z-to-ELIZAOS token migration.
- Market data show the token collapsed from a roughly $2.4 billion peak as AI16Z to about $2.3 million for ELIZAOS, a near 97% decline that produced heavy losses for holders.
- Walters pledged to continue developing the open-source ElizaOS software under his control without issuing a new token and said there will be no foundation buybacks or price support.