Efforce (WOZX) Steve Wozniak token down 99.9 %. Red flags & class action discuss

[InvestigatingWOZX]

Hi everyone,

I’ve spent the last few years researching the Efforce / WOZX project (Steve Wozniak was presented as co-founder).

The token launched Dec 2020 at ~$0.08, hit $3.62, and is now trading around $0.002 – a 99.9 % drop.
Some of the public-record points that have raised questions for holders:

- Private sale was presented as $80 M valuation → later admission only ~$12 M raised. No sale ever reported in company accounts.

- 450 M tokens (45 % supply) went to a single wallet (on-chain) that seemingly made over $350m

- 42.5 % of Efforce Ltd (Malta) transferred for nominal €510 shortly after launch (company filings) despite claimed $80m value and $1.6bn token treasury.

- “Mother company” AitherCO2 had a €319.9 M tax liability that was never disclosed to token holders (Italian public filings) with reported revenue figures grossly overstated.

- Malta company filings 2019–2024 show 0 employees every year and only €25 k total revenue

- No legal relationship documented between Efforce Malta and Efforce Bahamas despite white-paper claims with $68m token transfers from Efforce treasury not reported in any entity.

- Roadmap items (T1 listings, working platform, staking rewards, NFT utility, governance) largely undelivered

I lead a group of holders (currently representing ≈ €2.8 M in documented losses) is organising and exploring recovery options (civil claims in multiple jurisdictions) and have posted in the public interest under the Defamation Act 2013 Section 4 - all unrebutted by Efforce.  

If you ever held WOZX and want to read the timeline, see the public filings, or discuss what happened, feel free to reply or DM me. Happy to share the independent research site (all sources linked).

Just looking to connect with other holders – no financial advice, DYOR.

Thanks!

[flapduck]

The one thing I'd echo for anyone stumbling in here is: don't let the "Steve Wozniak" label trick your brain into thinking you're buying Apple-grade governance. In every cycle we get a wave of celeb/brand coins where the token mechanics, corporate structure and basic disclosures would never pass even a half-awake VC due-diligence check, but retail sees the name and assumes someone else must've done the homework.
What you're doing,  pulling company registries, tracing token flows, comparing whitepaper claims to actual accounts,  is the kind of dull, unsexy work that should've been done before money went in, but doing it after the fact is still useful if there's even a small chance of recovery.

I'm not a WOZX holder, but I'd say keep everything as documented and public as you can, and try to get this in front of the bigger crypto media and legal Twitter crowd. Cross-border civil actions are slow and messy, but projects hate sunlight more than anything.

Even if the legal route ends up limited, having a clean, well-sourced record of what happened is valuable for the next generation of star-struck "but it has a famous founder" investors.