February 03, 2022
Logan Paul Gets In Trouble Over CryptoZoo
Story: Divya Sinha
American YouTuber Logan Paul is in trouble because of his NFT Project CryptoZoo.
As per the court filing, Logal Pual and executives at CryptoZoo have been alleged of executed a ‘rug pull’”.
The filing detailed that they promised the purchasers exclusive access to crypto assets but ultimately abandoned the project and kept the funds.
CryptoZoo was launched in 2021 and was marketed as an NFT-based game.
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CryptoZoo earlier described itself as an autonomous ecosystem that enables ZooKeepers to purchase, sell, and trade unusual species and hybrids.
On Jan 13, Logan Paul posted a video on Twitter where he mentioned suing Coffeezilla, so he is shifting his attention.
He further outlined a three-step plan to fix the game and compensate lost investors.
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