Eliza Founder Declares AI Token 'Dead,' Shuts Down Foundation After Lawsuit Settlement
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Shaw Walters declares Eliza's AI token 'dead' after a class-action lawsuit settlement depletes the project's remaining funds, effectively shutting down the foundation. The move leaves investors with significant losses, totaling an estimated $1.5 million in damages. This outcome highlights the risks associated with investing in unregulated cryptocurrency projects and their potential for collapse.
Shaw Walters says Eliza's token is no more after a class-action settlement drained the project's remaining funds.