AI16Z y el creador de ELIZAOS enfrentan demanda colectiva por publicidad engañosa y beneficios indebidos

Golden Finance reports that on April 22, the crypto law firm Burwick Law filed a federal class action lawsuit in the Southern District of New York against defendants including Walters, the creator of AI16Z and ELIZAOS, alleging violations of consumer protection laws, false advertising, and unjust enrichment.
Legal documents show that the defendants are accused of leveraging the Andreessen Horowitz brand reputation to package the project, and issuing the AI16Z token on Solana on October 24, 2024, which was later renamed ELIZAOS.
The complaint states that the project claimed to have autonomous AI agents capable of self-investment, but in reality, it was operated manually, and no income was generated during the litigation period.
On January 2, 2025, the token price reached a historical high of approximately $2.47, with a market capitalization exceeding $2.6 billion, which subsequently declined due to large holders reducing their holdings.
On-chain data shows that the most profitable traders realized profits of about $39 million.