🚨 Burwick Law announced filing a federal class action (Case 1:26-cv-03238) in SDNY against creators of the AI16Z/ELIZAOS Solana token project, citing consumer protection claims under NY and CA deceptive practices and false advertising laws. - The complaint details how the project falsely branded itself as linked to Andreessen Horowitz via the "ai16z" name and "Marc Andreessen" AI agent, while building fake infrastructure like websites, GitHub repos, and claimed partnerships with no real technology or revenue. - Launched October 24, 2024, the token hit a $2.6B market cap peak in January 2025 before crashing due to large insider liquidations, rebranding to ELIZAOS, and regulatory warnings from exchanges like Coinbase.
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