Logan Paul, the YouTuber and wrestler, has been charged with a class action lawsuit alleging “acts of fraud” regarding his NFT game CryptoZoo.
After a year of investigation, Stephen “Coffeezilla” Findeisen, a YouTuber who investigates scammers and fake gurus in the crypto space, discovered that Logan was Paul’s CryptoZoo something of a scam. CryptoZoo, a blockchain game meant to act like passive income for Paul’s passionate fans and early investors, actually became a carpet-pulling game for almost everyone involved because Paul’s team preemptively exploited the in-game currency, Zoo Coins, before anyone else sold . Aside from some of the people who were hired to work on CryptoZoo and reportedly made thousands of dollars, others who took an interest in the “game” lost hundreds if not thousandsaccording to Coffeezilla Multi-part series of investigations.
Continue reading: YouTuber: Logan Paul’s NFT “game” is a major crypto scam
Initially, Paul was furious with Coffeezilla’s years-long investigation, calling him the “keemstar of crypto in finance” and threatening to sue him in a now-deleted YouTube video. Paul has retracted this statement, apologized to his fans and Coffeezilla and at the same time a Three-Step Plan To “complete and deliver” CryptoZoo, which has been basically broken since its launch in August 2021. Well, as Coffeezilla tweeted on Feb. 3, Paul has been hit with a class action lawsuit.
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The plaintiff, a Texas law enforcement officer who invested about $3,000 of his own money in CryptoZoo in hopes that it would bring big profits, filed the lawsuit in the city of Austin. After the suit checked by my city, plaintiff is seeking over $75,000 in damages for “conspiracy to commit fraud,” “fraudulent misrepresentation,” “negligence,” “unjust enrichment,” and more. The plaintiff named everyone involved in creating the game, including Paul and former lead developer Eddie Ibanez. In the end, the plaintiff wants reimbursement for extensive damages, from attorneys’ fees and court costs to civil penalties and mental anguish.
Continue reading: Logan Paul says some of his NFT game developers are “cheaters” but he didn’t cheat
my city asked Paul for comment.
Paul has not responded to the lawsuit at all since it was filed. However, he performed (and was injured) during WWE’s 2023 Royal Rumble event on January 28. His YouTube accounts, including his Impaulsive podcast, have been pretty quiet since the beginning of February. While all of this is going on, Paul’s likeness is there is scheduled to appear in developer Visual Concepts WWE2K23 When it comes out on March 17th.
