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Logan Paul threatens to sue Coffeezilla on charges of CryptoZoo scam⁠

Logan Paul threatens to sue Coffeezilla on charges of CryptoZoo scam⁠

Logan Paul, an Internet famous person, has responded to claims that his CryptoZoo NFT game is a scam. He says that the project hasn’t moved forward because it hasn’t been able to find enough people to work on it.

In a video that came out on Tuesday, Paul said that the project was still being worked on and that he and his manager had both lost money trying to “pick up the pieces” after the hiring disputes.

Stephen “Coffeezilla” Findison, a YouTuber, said in a three-part series that Paul was running a scam and not paying the people who worked on Cryptozoo. Paul’s comments were a response to Findison’s claims. Paul has since said that he will go to court to dispute the claims.

Cryptozoo is set to launch in 2021. It already has NFTs, a marketplace, and a yield product. Players can buy eggs that hatch into animal NFTs. When they first came out, some of these NFTs caused controversy because they used stock images. These can then be combined to make hybrid animals with yields that depend on how rare they are.

Over the past year, Coffeezilla’s deep dives into crypto scams, many of which involved celebrities, helped it gain over 2.3 million subscribers on YouTube. He has already dealt with a pump-and-dump scheme involving former FaZe Clan members and an investigation into Token Safemoon, which involved Jake Paul, who is Paul’s younger brother and also a YouTuber.

This is not the first time Paul has said that the problems in the game were caused by his team. In April 2021, he told The Block that the project’s first team had problems. He also said that the problem had been fixed and that “there’s a great team working on it now.”

Eddie Ibanez, who was the lead developer at Cryptozoo, was one of Paul’s more interesting jobs. Paul and Findison have both said that Ibáez lied about his education and work history. Ibáez said he worked for the CIA and used data science to help the Philadelphia Eagles win the Super Bowl, but neither of these things are true.

Last year, developer Zack Kelling, who was also on the team, put the game code up as collateral for $1 million, which he said Paul and his team owed him. Paul and Findison’s video disagree about whether this team had 50 people or only three.

“Unfortunately there is room for bad actors to infiltrate projects that start out with the best of intentions,” Paul said.

Despite the shift in personnel, there has been little movement on the project and Paul has made no mention of it, which has alarmed retail investors who have paid millions on Cryptozoo eggs. The repost of Paul’s response video was the first tweet from the Cryptozoo Twitter account since May 27 last year.

kardashian is fine

Paul is one of many celebrities who have found themselves in hot water for supporting cryptocurrency initiatives. Kim Kardashian agreed in October to pay the US SEC $1.26 million after being accused of improperly advertising the Ethereum Max token on social media.

Others who advocate Moonpay, such as Jimmy Fallon and Paris Hilton, are also involved in a conspiracy with Moonpay to advertise Yuga Labs’ “financial products” in a deceptive manner.

Paul has received criticism for his affiliation with another cryptocurrency scheme. During the summer of 2021, he marketed the Dink Doink token. It is unknown to what extent he was involved with the initiative, but he discussed it on social media and was depicted in a cartoon of the token that was published on Twitter. Currently, Dink Doink is down 99% from its all-time high.

About Tina

Tina concentrates on all matters related to NFT and Web3. Tina uses social media to spot NFT trends and report unique news.

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