Logan Paul appears to be in hot waters once more. This time, the YouTuber, WWE wrestler, actor, social media personality, and boxer is facing a class-action lawsuit stemming from his alleged rug pull over his CryptoZoo NFT game.
A Quick Look at CryptoZoo
CryptoZoo was anticipated to be a means of providing passive income for Paul’s committed followers and primary financiers. Unfortunately, it wasn’t meant to be as Paul’s team rapidly sold the in-game currency, Zoo Coins, before anyone else had a chance. This action resulted in a rug pull that cost many people their money.
According to Coffeezilla’s research series, those employed by CryptoZoo managed to rake in thousands of dollars from the agreement while others involved with the game lost hundreds or even thousands.
The Lawsuit
Based on the information provided by Coffeezilla via Twitter, the complainant is Don Holland acting on his own and on behalf of others affected by the alleged rug pull incident. The respondents are the Delaware Corporation CryptoZoo, Logan Paul, Danielle Strobel, Jeffrey Levin, Eduardo Ibanez, Jake Greenbaum who’s also known by his moniker “Crypto King”, and Ophir Bentov also known as Ben Roth.
Holland is a Texas police officer who was purportedly duped around $3,000 for his involvement in CryptoZoo. He stated that he invested that amount in hopes of getting big returns in the future. The plaintiff is consequently asking for reparations of more than $75,000 for the resulting legal fees, cost of action for the lawsuit, and mental anguish he got over the various fraud allegations.
The case is presently awaiting a jury trial in the city of Austin.
Logan Paul’s Response
Paul was initially livid over the exposé of Coffeezilla. He called the latter the “Keemstar of crypto in finance” and told him about his plan for a countersuit. However, Paul’s rant has now been deleted and he has also apologized for his actions.
Meanwhile, the social media personality took zero accountability for the resulting fiasco over CryptoZoo. In his defense, he said that he “accidentally hired scammers” for his crypto project. He threw his team under the bus for the said incident, too, for hiring con men to do the job. Furthermore, the YouTuber and his manager Levin claimed that they didn’t make any money from the disastrous CryptoZoo affair.
Our Thoughts
Whether or not he’s guilty, Logan Paul should’ve just exercised his right to remain silent and reserve his defense in the courtroom. He is treading on dangerous waters for speaking too much while the case is pending right now because any statement he makes in public may be used against him.