Common YouTuber and influencer Logan Paul has come underneath hearth but once more after he did not refund CryptoZoo NFT patrons six months after promising to take action.
In a current YouTube video, crypto journalist and on-line detective Stephen Findeisen, higher often known as Coffeezilla, mentioned Paul has not paid again the victims of his “scam” mission CryptoZoo thus far.
“Paul has not paid back his victims. He hasn’t talked about it since he first announced he was going to pay them back. And what’s worst of all, he doesn’t seem to have a plan in place to refund anyone.”
Coffeezilla talked about that he has been always asking Paul for an replace relating to the refunds however has not acquired any replies.
He famous that he finally obtained a response from Paul’s legal protection lawyer who mentioned the crew continues to be working to “evaluate the best way to achieve this goal.”
The crypto detective mentioned that the response from Paul’s legal protection lawyer was “worse than” what he anticipated because it lacked each a timeline for refunds and a plan.
“This is a statement you say when you have no plan or you are stalling,” he mentioned.
“Just please pay the people back what you owe, give them a real timeline, a real plan, and then we can all go back to pretending you’ve changed.”
The Logan Paul-Coffeezilla Cryptozoo Controversy Defined
CryptoZoo was launched in September 2021 with a lot fanfare, with Paul himself being one of many founders of the mission.
Previous to its launch, Paul touted the sport as distinctive and revolutionary within the crypto area, promising followers the chance to generate profits whereas enjoying.
The sport utilized its personal cryptocurrency known as ZooCoin, with patrons capable of buy “eggs” that might hatch into randomized animals with totally different rarities.
These animals may then be bred to create cross-bred creatures that might act as NFTs. The NFTs could possibly be held or burned to earn extra ZooCoin, purportedly offering patrons with important returns on their investments.
Nonetheless, in a three-part collection of movies uploaded on the finish of 2021, Coffeezilla alleged that CryptoZoo had been largely deserted shortly after its launch.
He claimed that Paul distanced himself from the mission, regardless of the in depth pre-release consideration he had given it.
The YouTuber additionally highlighted the experiences of patrons who had been followers of Paul, stating that many core options of CryptoZoo, reminiscent of hatching eggs, had been unavailable to sure shoppers, inflicting them to lose a whole bunch of hundreds of {dollars}.
One of many key controversies uncovered by Coffeezilla was the involvement of high-ranking people behind the scenes of CryptoZoo.
In line with the investigator, these people made hundreds of thousands of {dollars} from ZooCoin, inflicting the devaluation of the coin.
In response to Coffeezilla’s allegations, Paul launched a video blaming the co-founders and advisors of CryptoZoo for any wrongdoing and sensationalizing the story. He even threatened to sue Coffeezilla.
Nonetheless, Paul later retracted his feedback and issued an apology, acknowledging that his preliminary response was brash and didn’t tackle the true points at hand.
He additionally pledged to refund the victims, a promise he has but to satisfy.
