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Logan Paul faces class-action lawsuit for promoting cryptocurrency and NFT platform that turned out to be a scam

Logan Paul, an American influencer and YouTuber, was being sued for advertising CryptoZoo to his followers despite it being a scam. | Fountain: Instagram | Photographer: @loganpaul

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Logan Paul, an American influencer and YouTuber, is back in the eye of the storm for one of his many controversial episodes. A content creator was sued for promoting a video game. CryptoZooplatform NFTs and a cryptocurrency that launched in 2021 and has scammed thousands of users since then.

In a new video on his YouTube channel cofezilla publicly accused Paul promote CryptoZoo. This sequence mentions that the whistleblower talked to people who lost thousands of dollars in the crypto game because they trusted the influencer’s recommendation.

Logan Paul is still embroiled in controversy

cofezilla He was responsible for exposing scams and YouTubers through his videos. In the past, this content creator joined the cult that followed. Andrew Tate, who gained recognition for violent and misogynistic comments about women and is now accused of rape and human trafficking. Moreover, he showed that Paul “Ice Poseidon” Denino invented a cryptocurrency called CXcoin fool your followers.

Yes, sure Logan Paul chose to deny the allegations against him and tried to blame the video game developer who “he escaped to Switzerland with the source code” Initially, the YouTuber publicly apologized to his community shortly after. However, these videos of the influencer’s alleged remorse can no longer be found on his official channel. YouTubein which he maintains 23 million subscribers.

weeks after that Logan Paul now he must answer to the American justice system, because a group of victims of said scam in Texas They filed a class action lawsuit. Your partners are also included in the process Daniel Strobel, Jeff Levin, Abby Ibanez, Jake Greenbaum And Ofir Bentov. These individuals alleged that the defendants, among other things, were committing fraud and violating the Fraudulent Trading Practices Act.

He US District Court. west of Texas mentioned that the defendants promoted these products on social media Logan Paul and, after many people bought them, “the game did not work and never existed, and the defendants manipulated the digital currency market of Zoo tokens to their advantage” to the surprise of the customers.

What is CryptoZoo and how has it scammed so many people?

As we well mentioned, CryptoZoo It was a project promoted in the cryptocurrency bull market and NFTs. Thanks to the support of media figures such as Logan Paulthis future online platform promised that people would be able to buy, sell and collect virtual exotic animals such as Non-fungible tokensas if it were a Pokémon. The goal was to reproduce these rare specimens so that they could bring a lot of money to their owner.

It is mentioned that after those responsible for the platform disappeared along with the money, they received about 2.5 million US dollars. This was mainly due to the presence Zoo coins, digital currencies that will work in video games and have been valued at around $2 billion based on speculation alone. However, this project was never launched, and even 30 well-known employees who worked in said company did not receive remuneration.

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Source: RPP

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