Eliza Foundation Crumbles After Legal ShowdownEnglish 日本語한국어繁體中文ไทยPortuguêsItalianoDeutschFrançaisEspañolShaw Walters, founder of Eliza Labs, declared the ElizaOS token “completely” dead and confirmed the foundation is winding down after settling a class-action lawsuit filed by Burwick Law in the U.S. District Court for the Southern District of New York. It peaked at approximately $2.47 per token on 2 January 2025, reaching a market capitalization of about $2.6 billion, according to the Burwick complaint. At least 3,945 wallet addresses sustained losses, according to the Burwick complaint. “I am starting over, and I am never letting a token come close to Eliza again,” he wrote. No operating entity remains behind the ELIZAOS token or the deprecated legacy AI16Z token, and no buybacks, treasury support, or price mechanisms are planned.