Why YouTube Star Logan Paul’s Crypto Project Could Be Latest Hit with Lawsuit
- Logan Paul’s CryptoZoo game has been in development for over a year.
- Crypto investigator Coffeezilla releases video series uncovering the rug pull.
- The YouTube superstar stalled in responding to Coffeezilla’s allegations.
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.
Another Social Influencer Lawsuit?
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,…
