Logan Paul, YouTuber and wrestler have been hit with a class-action lawsuit over “fraudulent practices” related to his NFT game, CryptoZoo.
After a year of investigation, Stephen “Coffeezilla” Findeisen, a YouTuber dedicated to investigating fraudsters and counterfeiters in the crypto space, discovered that Logan Paul’s CryptoZoo was cheat something. CryptoZoo, a blockchain game that supposedly acts as passive income for Paul’s diehard fans and early investors, has actually turned out to be a hot game for almost anyone. participants because Paul’s team pre-sold the in-game currency, the zoo currency, before everyone else’s. In addition to some of the people hired to work on CryptoZoo, who are said to have made thousands of dollars, others interested in the “game” have lost hundreds if not thousands.by Coffeezilla’s multi-part investigative series.
Read more: YouTuber: Logan Paul’s NFT ‘Game’ Is A Massive Crypto Scam
Initially, Paul was furious with Coffeezilla’s year-long investigation, calling him the “Keemstar of financial cryptocurrencies” and threatening to sue him in a since-deleted YouTube video. Paul retracted that statement, apologized to the fans and Coffeezilla and issued a three-step plan to “complete and distribute” CryptoZoo, which has been essentially broken since its launch in August 2021. Now, as Coffeezilla tweeted on Feb. 3, Paul is involved in a class-action lawsuit .
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The plaintiff, a Texas police officer who poured about $3,000 of his own money into CryptoZoo in the hopes that it would yield big returns, filed the litigation in the city of Austin. According to the suit reviewed by Kotaku, the plaintiff is seeking damages north of $75,000 for “conspiracy to commit fraud,” “fraudulent misrepresentation,” “negligence,” “unjust enrichment,” and more. The plaintiff named everyone involved with the game’s creation, including Paul and former lead developer Eddie Ibanez. In the end, the plaintiff wants repayment for copious damages, from attorney’s fees and the costs of action to civil penalties and mental anguish.
Read More: Logan Paul says some of his NFT game developers are ‘Guys’ scam’, but he didn’t don’t cheat
Kotaku Contacted Paul for comment.
Paul has not responded to the lawsuit since it was filed. However, he appeared (and injured) during WWE’s 2023 Royal Rumble event on January 28. His YouTube accounts, including his Impaulsive podcast, have been pretty quiet since February began. However, when all this was going on, Paul’s portrait was expected to appear in the developer’s Visual Concepts’ WWE2K23 when it launches on March 17th.
