Eliza Labs founder declares native token ‘dead,’ winds down foundation after Burwick Law settlement
The Block·
60-second summary
Eliza Labs founder declares its native token 'dead' and winds down the foundation after a Burwick Law settlement, utilizing remaining treasury and available funds to settle the class action lawsuit. The settlement's terms and financial details are not disclosed. This move likely marks the end of Eliza Labs' operations and its token's viability in the market.
Walters said the team used its remaining treasury and available funds to settle the class action lawsuit represented by Burwick Law.