LOGAN Paul’s has come under fire over his failed Crypto Zoo project.
But what is and was it really a scam?
What is Crypto Zoo?
Logan Paul announced on an episode of his IMPAULSIVE podcast in August 2021 that he was working on CryptoZoo, a crypto-coin-based game.
The project was scheduled to launch in September 2021, but it still doesn’t exist.
The website is still under construction and says it’s “undergoing upgrades to the main infrastructure of the ecosystem”.
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Nothing has been posted on the project’s official Twitter since May 28, 2022.
Crypto Zoo is supposed to allow players to participate in an NFT-based game and earn passive income.
Logan Paul said: “One million dollars would be raised to fund the making of the game and the creation of unique NFTs.”
In 2021, CryptoZoo launched some of its NFT animals.
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NFT eggs of the Crypto Zoo animals worth $2.5 million had been sold.
To get NFT eggs, users had to buy in-game ZOO tokens. When purchased, these eggs would supposedly hatch at launch so their owners could receive their animals, breed them, and make them mate.
The ZOO token was launched in July 2021. It peaked at 0.5 thousandths of a dollar but has now dropped 99.9 per cent.
When the NFTs were first released, they were simple photos found on the internet and edited.
It also then proved near impossible to hatch the eggs, receive the animal NFTs, or receive money back.
Logan Paul eventually broke his silence and blamed the main developer of the project who ran off with the code and refused to return it unless he was paid one million dollars.
The developer, however, said Logan Paul had hired a team to create the game, but then failed to pay them and lost the code because of failed negotiation.
Is Crypto Zoo a scam?
Logan Paul has been accused of fraud by investors and clients who lost money as a result of the project.
Logan Paul and Stephen ‘Coffeezilla’ Findeisen continue to go head-to-head over CryptoZoo.
Coffeezilla posted a string of videos totalling over an hour’s worth of content dedicated to “investigating Logan Paul’s biggest scam”.
Paul spoke out and promised “all bad actors will be exposed, explained, and held fully accountable” and invited Coffeezilla onto his podcast IMPAULSIVE.
Paul claimed Coffeezilla’s work was “simply not true”.
He said: “While I generally appreciate Stephen’s creative genius & exceptional work ethic (I mean that), this one is simply not true. When appropriate, all bad actors will be exposed, explained, & held fully accountable. I’ll speak further on IMPAULSIVE January 3.”
“Choosing now to respond is not ‘appropriate’ like Logan claims, it’s just old fashioned damage control,” Coffeezilla said after proving he’d sent a number of texts to Logan Paul’s manager in October 2022, along with numerous emails and requests for comment before the videos went live.
Coffeezilla said: “It makes me sad to see you try to discredit my work given how many times I’ve reached out in good faith.
“If you have nothing to hide, this should be a no-brainer.”
Coffeezilla said: “I’m happy to fly Logan down or live stream it but I’m not flying to his CryptoZoo tax haven on New Year.”
Coffeezilla said any revenue raised from a live stream with Logan Paul will be donated to “the CryptoZoo victims”.
