Logan Paul Plans to Sue Coffeezilla Over CryptoZoo Allegations

Logan Paul has been on the receiving finish of seemingly infinite controversies since his profession took off as a media star. His two-year-old NFT enterprise – Crypto Zoo – is now below intense scrutiny.

The most recent improvement has ruffled plenty of feathers within the house. The crypto rip-off allegations are but to fizzle out, however the investigative journalist who interviewed purported traders of the mission has dropped bombshell allegations about Paul and his group members.

Accusation

In a three-part collection created by a viewer-supported Youtube channel, Coffeezilla accused Paul of participating in fraudulent actions together with his NFT recreation.

Crypto Zoo was launched in 2021 on Binance Sensible Chain. To play the sport, all customers needed to do was purchase “eggs” that hatch into hybrid animals. Folks reportedly bought practically $2.5 million price of eggs even earlier than it was launched. In reality, its native ZOO token skyrocketed in worth, reaching over a $2 billion market cap pre-launch.

Nevertheless, its social media channels haven’t been energetic over the previous eight to 9 months, brewing considerations of abandonment by Paul. Coffeezilla, whose actual title is Stephen Findeisen, accused the 27-year-old Podcaster of allegedly stealing tens of millions of {dollars} by way of the enterprise.

The primary thought of the sport was to clock in a passive revenue, letting gamers money out their ZOO tokens for real-world cash. Nevertheless, Findeisen investigations revealed that Crypto Zoo ended up burning investor pockets.

Findeisen alleged that the founding group, together with Paul, didn’t spend $1 million in growing the sport however as a substitute copy-pasted a code from FlokiShibX and claimed it as their very own.

One participant who spoke on Coffeezilla’s collection mentioned Crypto Zoo was by no means been “absolutely playable.” Just a few others have claimed that might by no means even breed their hatched animals on cash-out. One other participant added that whereas the passive revenue mechanic was the promoting level of Paul’s enterprise, the sport “by no means did (work) from the start,” and “there was no approach to declare your yield (and) there by no means was.”

CryptoZoo traders additionally claimed having did not hatch the eggs they’d bought and described them as “only a image” that’s “principally price nothing in anyway.”

Logan Paul Hits Again

The credibility of your entire collection has been plucked and debated by the group members. However, for probably the most half, Paul himself opted to stay silent. Earlier this week, the American media persona lastly broke his silence and uploaded his response to the investigation, saying he would “defend himself with details.”

He additionally hurled insults at Findeisen and accused him of morphing “from an investigator to a gossip channel.”

Paul did admit to having labored with people who’re at the moment embroiled in legal circumstances, resembling former CryptoZoo lead developer Eddie Ibanez in addition to dev Zach Kelling. They had been, nevertheless, faraway from the mission, and Paul assured that he and his supervisor Jeff “made no cash” within the course of.

He went on to say that he suffered important losses in his newest video however will “proceed to construct CryptoZoo” and even shared a teaser stating that it was coming in 2023/2024.

“Belief me, CryptoZoo is coming, I’ll make rattling positive of it.”