Why YouTube Star Logan Paul’s Crypto Project Could Be Latest Hit with Lawsuit
The famous YouTuber Logan Paul has over 23 million subscribers patiently waiting for the social influencer’s new game. CryptoZoo, inspired by the movie of the same name, was announced in September 2022. The blockchain game quickly attracted NFT enthusiasts, who bought $2.5M worth of NFT animals on CryptoZoo’s marketplace. Now it’s the beginning of 2023, and the actual game is nowhere to be found. Popular YouTuber and crypto detective Coffeezilla recently launched an investigation into the project. After weeks of delays, Logan Paul’s response video went viral on Wednesday morning, only to receive immense backlash. The new crypto scam allegations targeting YouTube megastar Logan Paul is the newest addition to the celebrity-backed crypto scam saga. Previously, the SEC charged Kim Kardashian and Floyd Mayweather Jr. for promoting the EthereumMax (EMAX) pump and dump scheme on Instagram. Kardashian was subsequently acquitted. On the other hand, Madonna, Steph Curry, Jimmy Fallon, and other top celebrities were targeted in a class-action lawsuit for promoting Bored Apes NFTs on social media as a ‘safe investment.’ However, Paul’s potential case would be different, as the YouTuber owns the project he’s endorsing. new video According to Stephen “Coffeezilla” Findeissen, Logan Paul’s crypto project could be easily classified as a rug pull. The 60-minute series by Coffeezilla explains how Logan Paul lured millions of his subscribers into buying animal-themed NFTs for his upcoming blockchain game. On top of that, Logan Paul failed to deliver promises several times, but not without the help of three partners in crime. Logan’s friend Eddie Ibanez was supposed to oversee the project’s development, while Ben Roth and Jon Youshaei were actively involved in promoting the project to the crypto community. Many community members lost tens of thousands of dollars and are still waiting for the dubious influencer to carry out his promises. It seems like Logan is going to try to say that he is back to “repair CryptoZoo”, and blame his coworkers for being “bad actors”. The official website for the CryptoZoo game is down, as Paul picked the perfect time for “upgrades to the core infrastructure of the ecosystem.” In response to the chess move, Coffeezilla created a parody website for the alleged crypto scam. Coffeezilla’s version of CryptoZoo includes a timeline with the most significant events in the saga. Baku, the original dream-eating hybrid creature from the original CryptoZoo movie distributed by Magnolia Pictures, has nothing on Logan Paul’s money-eating hybrid creatures. They are still available on CryptoZoo’s marketplace, even as the game is officially ‘under construction.’ When asked about the panda and duck NFT hybrid, co-founder Jon Youshaei gasped: “What the f*ck is that? I don’t know, but it’s fun to me and I’d like to own it!” Ironically, the CryptoZoo movie presents a dilemma between showcasing hybrid animal monsters or keeping them hidden. Ultimately, the crypto inspector Coffeezilla has gone with the first option, attempting to reveal the truth to the public. In response, the controversial YouTube star is threatening to sue Stephen Findeisen out of vengeance, but will that be enough to keep Logan’s money-hungry crypto monsters in the closet? Can’t get over the fact that Logan Paul subscribed to my Patreon, advertised it on his main channel, said he admired my “work ethic” & “creativity”, and then said he’s suing me. https://t.co/eYB57EIHgQ pic.twitter.com/8guq428rtM It’s important to analyze celebrity-endorsed rug pulls to prevent this type of scamming in the future. Logan Paul’s controversy happened less than a month after Kim Kardashian was acquitted of promoting the EthereumMax (EMAX) pump and dump scheme. Read the latest news on crypto hacks and scams: Three Arrows Capital (3AC) Founder Blames DCG and FTX for Terra (LUNA) Collapse A Relatively Calm December for the Crypto World: Only $62M Stolen
Another Social Influencer Lawsuit?
My Response To Coffeezilla’s Scam Allegations
important that you watchhttps://t.co/KbsWsXll49 pic.twitter.com/eYOHDfC2IZCryptoZoo Community Left on Thin Ice
CryptoZoo community reaction is uhh… not great for him. pic.twitter.com/U3b3POEQPJCoffeezilla Sets CryptoZoo Free
On the Flipside
Why You Should Care
Read more: https://dailycoin.com/why-youtube-star-logan-pauls-crypto-project-could-be-latest-hit-with-lawsuit/
Text source: DailyCoin.com
