---
title: "Founder of Eliza officially announces end of AI token, shuts foundation post lawsuit settlement depleting funds."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294989679.md"
description: "After a class-action settlement, Shaw Walters confirmed that Eliza's token has been rendered defunct due to the depletion of the project's remaining funds."
datetime: "2026-08-05T15:26:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294989679.md)
  - [en](https://longbridge.com/en/news/294989679.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294989679.md)
generator: "portal-rs"
---

# Founder of Eliza officially announces end of AI token, shuts foundation post lawsuit settlement depleting funds.

After a class-action settlement, Shaw Walters confirmed that Eliza's token has been rendered defunct due to the depletion of the project's remaining funds.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**