ElizaOS Founder Announces ai16z Token "Dead", Foundation Officially Closed

TechFlow News, August 5, Eliza Labs founder Shaw Walters announced that the ai16z/ElizaOS token is officially "dead," and the relevant foundation will close. This stems from law firm Burwick Law initiating a class-action lawsuit on behalf of holders; the foundation chose to settle due to an inability to bear litigation costs, paying out all remaining treasury funds. Shaw stated he never sold ai16z tokens and never profited from them, receiving only a base salary equivalent to that of engineers, and is currently living off savings. He emphasized he will continue developing Eliza's underlying technology, but clearly stated he will not associate any tokens with Eliza again, advising holders to dispose of them at their own discretion, as the foundation will not provide any buyback support.