The controversy surrounding Logan Paul's NFT project continues.
American media personality, professional wrestler, and actor Logan Paul is one of the defendants in a class action lawsuit filed against failed non-fungible token project CryptoZoo.
The class action, filed by police officer Don Holland on behalf of 20,000 other victims, alleges that Paul and other defendants executed a rug pull after manipulating the price of CryptoZoo’s native token ., the complaint was filed in the United States District Court for the Western District of Texas on Thursday. Other defendants mentioned include Danielle Strobel, Jeffrey Levin, Jake Greenbaum, known as Crypto King, Eduardo Ibanez, and Ophir Bentov, known as Ben Roth.
The complaint comes shortly after famous internet journalist Stephen Findeisen, known as Coffeezilla, claimed the CryptoZoo project was fraudulent in a three-part series on YouTube. CryptoZoo was launched in 2021 as an NFT gaming project, with Paul as one of its founders. The project was promoted using Paul’s online platforms as a means of passive income. Investors committed over $2 million to CryptoZoo before its launch, and the ZOO token skyrocketed in value.Over a year later, no games have materialized, and the project’s social media accounts have been inactive. Coffeezilla accused Paul of stealing millions from investors and abandoning the project afterward.
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