AI16Z et le créateur d'ELIZAOS poursuivis collectivement pour publicité mensongère et profits indus

BlockBeats information, April 21, according to official sources, the crypto law firm Burwick Law has filed a federal class action lawsuit in the Southern District of New York (SDNY) against the creators of AI16Z and ELIZAOS, including defendant Walters, accusing them of violating consumer protection laws, false advertising, and unjust enrichment. Legal documents show that the defendants are accused of leveraging the reputation of the Andreessen Horowitz (a16z) brand 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 investing independently, but in reality, it was operated manually, and no income was generated during the litigation period.

The lawsuit states that on January 2, 2025, the token price reached a historical high of approximately $2.47, with a market cap exceeding $2.6 billion, but then collapsed due to large holders selling off. On-chain data shows that the most profitable traders realized profits of about $39 million.