YouTuber Logan Paul hit with class action lawsuit over NFT games
Logan Paul, the YouTuber and wrestler has been hit with a class action lawsuit alleging “fraudulent practices” regarding his NFT game, CryptoZoo.
After a year of investigation, Stephen “Coffeezilla” Findeisen, a YouTuber who looks into scammers and fake gurus in the crypto space, discovered that Logan Paul’s CryptoZoo was something of a scam. CryptoZoo, a blockchain game that was supposed to act as passive income for Paul’s avid fans and early investors, actually ended up being a blanket move for just about everyone involved because Paul’s team pre-sold the in-game currency, Zoo Coins, before everyone else. Aside from some of the people hired to work at CryptoZoo who allegedly made thousands of dollars, others interested in the “game” 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
Initially, Paul was outraged by Coffeezilla’s year-long investigation, calling him the “Keemstar of crypto in finance” and threatening to sue him in a since-deleted YouTube video. Paul has gone back on this statement and apologized to fans and Coffeezilla while also putting forward one three-stage plan to “complete and deliver” CryptoZoo, which has basically been broken since its launch in August 2021. Now, as Coffeezilla tweeted on February 3rd, Paul has been hit with a class action lawsuit.
G/O Media may receive a commission
30% discount
The Anthem All-Terrain Stroller Wagon Adventure Bundle
Go everywhere with your kids
This must-have package gives you either Gladly’s award-winning Anthem2 or Anthem4 all-terrain strollers as well as essential accessories such as a cup holder for parents, a removable storage basket, extra-large canopies, a nap system, padded comfort seats, a cooler bag with padded shoulder strap and a travel bag.
The plaintiff, a Texas police officer who poured about $3,000 of his own money into CryptoZoo in the hope that it would pay off big, filed the lawsuit in the city of Austin. According to the lawsuit filed 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 in the game’s creation, including Paul and former lead developer Eddie Ibanez. Finally, the plaintiff wants reimbursement for major damages, from legal fees and court costs to civil penalties and psychological distress.
Read more: Logan Paul says some of his NFT game developers were “scammers” but he didn’t cheat
Kotaku contacted Paul for comment.
Paul has not responded to the lawsuit at all since it was filed. However, he appeared (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 February started. But as all this takes place, Paul’s likeness scheduled to appear in developer Visual Concepts’ WWE 2K23 when it comes out on March 17.
