ElizaOS / AI16Z (Eliza Labs)
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anchored·6iZpaY…2wbbSummary
ElizaOS (formerly ai16z) is an open-source AI agent framework developed by Eliza Labs and launched on Solana in October 2024. The project reached a $2.6 billion token market cap in January 2025 before collapsing more than 99% amid allegations of unauthorized brand misappropriation from Andreessen Horowitz, disputed claims about the autonomy of its marketed AI agent, and a disputed token migration in late 2025 that critics alleged diluted retail holders. As of April 2026 a federal class action lawsuit (SDNY case 1:26-cv-3238) is pending against Eliza Labs, founder Shaw Walters, co-defendant Sebastian Quinn-Watson, and AI16Z DAO.
Connected Entities
1 entities · 10 linked investigations- + 7 more
Timeline(17 events)
24 October 2024
AI16Z token launches on Solana via DAOS.FUN, raising 420.69 SOL. The project presents an autonomous AI investment agent ('Marc AIndreessen' / pmairca) as DAO fund manager.
Crypto.com University / CoinMarketCapOctober 2024
Protos reports that the AI16Z investment agent is operated by humans, not autonomous AI, contradicting the project's core marketing claim.
ClaimDepot — AI16Z class action case summary19 November 2024
Ai16z DAO launches its own $ELIZA token in a surprise move after an unauthorized lookalike token had already reached $50M market cap. The launch faces community backlash over the sudden reversal of earlier 'no token' statements.
Solana Floor2 January 2025
AI16Z token reaches all-time high of approximately $2.47–$2.48, corresponding to a market cap of approximately $2.6 billion.
CoinMarketCap / Cryptopolitan class action reporting11 January 2025
Token has fallen 39% from ATH within 8 days; the most profitable trader identified in subsequent litigation has reportedly realized $39 million in gain. Large wallets sell $2.52M, $2.49M, and $4.77M in token.
AI16Z class action case summary — ClaimDepot28 January 2025
a16z managing partner Chris Dixon publicly discloses on the Unchained podcast that Andreessen Horowitz demanded the project change its name. Shaw Walters announces rebrand from ai16z to ElizaOS.
Unchained Crypto / Decrypt16 February 2025
Shaw Walters' X account is hacked; attackers promote a fraudulent Solana token named ELIZA. The ai16z token drops ~15% before recovering. Walters regains account control and apologizes.
The Crypto Basic17 April 2025
Eliza Labs launches auto.fun, a no-code platform for AI agent creation targeting non-technical Web3 users.
The BlockMay 2025
Princeton University and Sentient Foundation researchers publish findings on a memory injection vulnerability in the ElizaOS framework that could allow unauthorized financial transactions.
DecryptJune 2025
X suspends the accounts of Shaw Walters and ElizaOS on X (Twitter), prompting a legal dispute.
The Block / OpenSourceForYou27 August 2025
Eliza Labs files an antitrust lawsuit against X Corp in U.S. federal court, alleging anticompetitive deplatforming and misappropriation of proprietary AI agent technology.
The Block8 October 2025
Eliza Labs announces token migration from $AI16Z to $ELIZAOS as part of v2 architecture launch, with a 1:6 holder swap ratio and a 10x expansion of total token supply.
The Block6 November 2025
Token migration window opens for AI16Z holders to swap to ELIZAOS.
Phemex / Tokenomics docs24 December 2025
South Korea's DAXA issues a trading alert on Bithumb for AI16Z; Bithumb and Coinone issue formal investment warnings citing lack of transparency around the token migration.
Invezz30 December 2025
X restores Shaw Walters' and ElizaOS's accounts following an undisclosed settlement. The ELIZAOS token surges approximately 150% in 24 hours. Antitrust claims in Eliza Labs v. X Corp are subsequently dismissed with prejudice by a Texas federal court.
Cryptopolitan / MLex / Justia21 April 2026
Burwick Law files federal class action (SDNY case 1:26-cv-3238) against Eliza Labs Inc., Shaw Walters, Sebastian Quinn-Watson, and AI16Z DAO, alleging false advertising, consumer protection violations, and unjust enrichment.
Burwick Law X post / Crypto Economy20 May 2026
ElizaOS framework releases v2.0.3 on GitHub, showing continued active open-source development.
GitHub — elizaOS/eliza releasesDecision Log
- hash: 9FXnJgXZS5Zp34sVUBUdrUETm9NTpQ8LErCNmd4TwDAp
This investigation is cryptographically anchored to the Solana blockchain (1 event). 27 of 30 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/3/2026, 1:16:15 AM
last updated: 7/27/2026, 4:55:18 AM
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