Logan Paul is faced with a crypt lawsuit of cryptozoo because

Logan Paul is faced with a crypt lawsuit of cryptozoo because

The American media personality, professional wrestler and actor Logan Paul is one of the accused in a class action against the failed Non-Funible token (NFT) project Cryptozoo.

The collective action, which was submitted by the police officer Don Holland on behalf of 20,000 other victims, claims that Paul and other defendants have carried out a carpet train after manipulating the price of the native tokens of cryptozoo (zoo).

Logan Paul sues for fraud in cryptozoo investors

according to the document , the complaint was submitted to the US district court for the western district of Texas on Thursday. Other defendants mentioned are Danielle Strobel, Jeffrey Levin, Jake Greenbaum, known as Crypto King, Eduardo Ibanez and Ophir Bentov, known as Ben Roth.

The complaint comes shortly after the famous internet journalist Stephen Findeisen, known as CoffeeZilla, in a three-part series on YouTube that the cryptozoo project was fraudulent.

Cryptozoo was launched in 2021 as a NFT gaming project with Paul as one of his founders. With the help of Paul's online platforms, the project was advertised as a means of passive income. Investors have promised cryptozoo over $ 2 million before its introduction, and the value of the zoo token rose.

Over a year later, no games came about and the social media accounts of the project were inactive. Coffeezilla accused Paul of stolen millions of investors and then abandoned the project.

As already reported, Paul accused CoffeeZilla of the spread of misinformation and threatened to sue him for defamation. But in a surprising turn of the events, Paul later apologized and promised to repair things.

But the victims of the failed project have taken legal action against the WWE star and his cryptozoo partners and accused them of not having carried out a rug pull and not having kept their promises.

"The accused applied the cryptozoo products about Mr. Paul's online platforms for consumers who were not familiar with digital currency products, which led to the fact that tens of thousands of people bought these products. Without the knowledge of the customer, the game did not work or never existed, and the defendant manipulated the digital currency market for Zoo token, it says," In the file.

An application for degorable

The accused were accused of eight charges, including fraud, unjustified enrichment and breach of contract.

The collective action requires reparation from you and publication of any profit from the project.

"Due to these unscrupulous practices, the defendants should pay all income, profits or other profits from their plan to the plaintiff," added the file.

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