Logan Paul initiates $2.3M CryptoZoo NFT buyback

YouTube sensation Logan Paul is making headlines once again, this time with a $2.3 million commitment to refund disgruntled investors of his ill-fated CryptoZoo nonfungible token (NFT) game. Promising a buy-back program, Paul aims to address the disappointment surrounding the unreleased play-to-earn CryptoZoo game.

Timeline of Zookeeper

Social media influencer Logan Paul has announced to his millions of followers his commitment to personally repay victims of the failed NFT project CryptoZoo, which he launched and endorsed.

It's been precisely 222 days since Logan Paul, a major social media figure, committed to paying a substantial $1.8 million to victims of the CryptoZoo scam, yet the victims remain uncompensated. Here's a brief revisit into the controversial narrative that shook the cryptocurrency community and deceived countless investors.

According to what has emerged, it appears that Logan Paul, the YouTuber who launched his CryptoZoo NFT game project in 2021, appears to have scammed his audience. Basically, Paul and his team sold NFTs and released a ZOO token, but the game never materialized.

Investors of Logan Paul's NFT gaming project, CryptoZoo, are reportedly still awaiting details regarding the promised refund of 1000 Ethereum (equivalent to $1.93 million at current prices). Despite Paul's initial announcement in January, communication with the CryptoZoo community has dwindled, leaving investors frustrated.

Degen Zoo, an NFT game inspired by Logan Paul's controversial Crypto Zoo concept, has attracted massive interest, with over 115,000 wallets registering to join the game, pledging over $700 million. The game aims to raise awareness of the impact of capitalism on animal extinction and features a deflationary token and an NFT collection of 120 endangered species.

CryptoZoo, Logan Paul's proposed online game project, was recently at the center of a class-action lawsuit after the YouTuber apologised to fans who lost money investing in the venture.  Crypto scam investigator Stephen Findeisen, aka Coffeezilla, has now appeared on the Joe Rogan podcast claiming Paul is yet to refund buyers of CryptoZoo NFTs despite a promise to do so earlier this year.

Coffeezilla, a well-known YouTube personality, recently joined Joe Rogan and talked about his work and some of the most significant stories he has ever worked on. Among them was the Logan Paul Cryptozoo Saga, which Coffeezilla claimed to be one of the most remarkable stories he had ever reported.

A class action complaint has been filed against CryptoZoo and Logan Paul, alleging that the defendants defrauded customers out of millions of dollars worth of cryptocurrencies. The lawsuit names both of them as defendants.

YouTuber Logan Paul has been named in a lawsuit against his project CryptoZoo, which has been accused of fraudulently stealing millions from investors.  Logan Paul Faces Class-Action Lawsuit  A class-action lawsuit has been filed against Logan Paul and his CryptoZoo project by the plaintiff named Don Holland, who alleged that the project had executed a ‘rug pull' by abandoning the CryptoZoo NFT project.

Plaintiff Don Holland, as of recent reports, has accused CryptoZoo and Logan Paul of rug pulls. Attorney Paul also made the same comments while adding to the list of those facing the accusations.