Logan Paul is one of the defendants in a class action lawsuit filed against the failed CryptoZoo NFT project. The class action filed by Police Officer Don Holland on behalf of more than 20,000 other victims alleges that Paul and other defendants It did a rug pull after manipulating the price of its native CryptoZoo (ZOO) token.
followdocumentThe lawsuit, filed in the U.S. District Court for the Western District of Texas on Thursday, the other defendants mentioned are Danielle Strobel, Jeffrey Levin, Jake Greenbaum aka Crypto King, Eduardo Ibanez and Ophir Bentov aka Crypto King. Name Ben Roth
The complaint comes shortly after prominent journalist Stephen Findeisen, also known as Coffeezilla, claimed the CryptoZoo project was a fraud.
CryptoZoo was launched in 2021 as an NFT gaming project with Paul as one of its founders. But a year later None of the game’s launches took place, and the project’s social media accounts were inactive, with Coffeezilla accusing Paul of stealing millions from investors and abandoning the project afterward.
in which the victims of the project Alleged that they performed a rug pull and failed to deliver on their contract.
“Defendants promote CryptoZoo products using Mr. Paul’s online platform to consumers unfamiliar with cryptocurrency products. This leads to tens of thousands of people buying the product. And finally, the game either doesn’t work or never existed. And the defense has manipulated the price of Zoo Tokens for their benefit.”
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