Eliza Labs Winds Down Operations, Declares Native Token 'Dead' After Legal Settlement
Eliza Labs Winds Down Operations, Declares Native Token 'Dead' After Legal Settlement
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The founder of Eliza Labs has announced the discontinuation of the foundation and declared its native token 'dead.' This decision follows the settlement of a class action lawsuit represented by Burwick Law, for which the team utilized its remaining treasury funds.
Eliza Labs Concludes Operations Amidst Legal Settlement
Walters, the founder of Eliza Labs, has made a public declaration regarding the status of the project, stating that its native token is now considered 'dead.' Concurrently, the foundation itself is being wound down. This significant development comes after the Eliza Labs team allocated its remaining treasury and available funds to settle a class action lawsuit, which was represented by Burwick Law.