ElizaOS / AI16Z (Eliza Labs)
Summary
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)
2024-10-24
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 / CoinMarketCap2024-10-01
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 summary2024-11-19
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 Floor2025-01-02
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 reporting2025-01-11
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 — ClaimDepot2025-01-28
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 / Decrypt2025-02-16
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 Basic2025-04-17
Eliza Labs launches auto.fun, a no-code platform for AI agent creation targeting non-technical Web3 users.
The Block2025-05-01
Princeton University and Sentient Foundation researchers publish findings on a memory injection vulnerability in the ElizaOS framework that could allow unauthorized financial transactions.
Decrypt2025-06-01
X suspends the accounts of Shaw Walters and ElizaOS on X (Twitter), prompting a legal dispute.
The Block / OpenSourceForYou2025-08-27
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 Block2025-10-08
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 Block2025-11-06
Token migration window opens for AI16Z holders to swap to ELIZAOS.
Phemex / Tokenomics docs2025-12-24
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.
Invezz2025-12-30
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 / Justia2026-04-21
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 Economy2026-05-20
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 and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/3/2026, 1:16:15 AM
last updated: 6/3/2026, 1:16:23 AM
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