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AI Token Project Declared Dead | Bitcoin and Crypto News
Description
Once worth $2.4 billion, the AI agent token project ELIZAOS is officially dead—its founder Shaw Walters is shutting down the foundation and urging holders to sell their tokens amid a 97% crash and a class-action lawsuit over deceptive marketing. The legal fallout forced a fund transfer to settle claims that the project was falsely pitched as an autonomous AI venture fund, when insiders actually controlled it. Though Walters plans to keep developing the underlying software, no more tokens or support will be offered—a brutal reminder of how fast crypto can collapse under legal pressure.
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