Eliza Labs founder Shaw Walters announced the official "death" of the ai16z/ElizaOS token, and the relevant foundation will close. This stems from a class-action lawsuit initiated by the law firm Burwick Law on behalf of holders. Unable to bear litigation costs, the foundation chose to settle and pay out all remaining treasury funds. Shaw stated he never sold ai16z tokens or profited from them, receiving only a base salary equivalent to engineers, and is currently living off savings. He emphasized he will continue developing Eliza's underlying technology but clearly stated no tokens will be associated with Eliza going forward. He advised holders to dispose of their tokens independently, as the foundation will not provide any buyback support.
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Source: TechFlow Crypto News