Logan Paul, a YouTuber and wrestler, has been hit with a class action lawsuit for “deceptive practices” regarding his NFT game, CryptoZoo.
After a year-long investigation, Steven “Coffeezilla” Findeisen, a YouTuber who investigates scammers and fake gurus in the crypto space, discovered that Logan Paul’s CryptoZoo was kind of a scam. CryptoZoo, a blockchain game that was supposed to function as passive income for Paul’s ardent fans and early investors, actually ended up pulling the rug for almost everyone involved because Paul’s team preemptively sold the game’s currency, Zoo Coins, before everyone else. In addition to some of the people hired to work on CryptoZoo allegedly making thousands of dollars, others interested in the “game” have lost hundreds, if not thousandsaccording to Coffeezilla’s multi-part investigative series.
Read more: YouTuber: Logan Paul’s NFT ‘Game’ Is A Big Crypto Scam
Paul was initially enraged by the year-long investigation into Coffeezilla, calling him the “Kim Star of Crypto Finance” and threatening to sue him in a since-deleted YouTube video. Paul retracted this statement, apologizing to his fans and Coffeezilla, while also exposing three step plan to “finish and deliver” CryptoZoo, which has been fundamentally flawed since its launch in August 2021. Now, as Coffeezilla tweeted on February 3rd, Paul is being sued.
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The plaintiff, a Texas police officer who poured about $3,000 of his own money into CryptoZoo in hopes that it would bring big returns, filed the suit in the city of Austin. According to the suit reviewed by my city, the plaintiff seeks damages north of $75,000 for “conspiracy to commit fraud,” “fraudulent misrepresentation,” “negligence,” “unjust enrichment,” and more. The plaintiff named everyone involved in the game’s creation, including Paul and former lead developer Eddie Ibanez. Ultimately, the plaintiff seeks substantial damages, from attorneys’ fees and court costs to civil penalties and emotional distress.
Read more: Logan Paul says some of his NFT game developers were ‘scammers’, but he didn’t cheat
my city reached out to Paul for comment.
Paul has not responded at all to the lawsuit since it was filed. However, he appeared (and hurt himself) during WWE’s 2023 Royal Rumble event on January 28. His YouTube accounts, including his Impaulsive podcast, have been pretty quiet since early February. While all this is happening, however, Paul’s likeness is scheduled to appear in Visual Concepts for developers WWE 2K23 when it comes out on March 17.