ElizaOS Token Declared 'Dead' as Founder Shuts Down Foundation Following Lawsuit Settlement
ElizaOS token has plummeted 19% to a record low after founder Shaw Walters announced its demise following a class-action lawsuit settlement that depleted the project's funds. The Eliza Foundation is now winding down operations, with remaining treasury funds used to settle the lawsuit.
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ElizaOS token sinks 19% to record low after founder declares it ‘dead’
Eliza Labs founder Shaw Walters said the project transferred its remaining treasury to settle a tokenholder lawsuit and will continue building Eliza without an associated cryptocurrency.
Eliza Founder Declares AI Token 'Dead,' Shuts Down Foundation After Lawsuit Settlement
Shaw Walters says Eliza's token is no more after a class-action settlement drained the project's remaining funds.
Eliza token declared “dead” as founder winds down foundation after legal settlement
Shaw Walters, founder of Eliza Labs and the open-source ElizaOS framework, has declared the Eliza token “dead” and confirmed the foundation has begun winding down after settling a lawsuit by transferring its remaining treasury and available funds. According to a…
Eliza Labs founder declares native token ‘dead,’ winds down foundation after Burwick Law settlement
Walters said the team used its remaining treasury and available funds to settle the class action lawsuit represented by Burwick Law.