Celebrities
Catherine Shuttleworth
Oct 09, 2023
Logan Paul
Influencer Logan Paul is under fire after allegedly only offering the victims of his cryptocurrency project, CryptoZoo, 5-10 per cent of their losses.
CryptoZoo was a cryptocurrency game that Paul described as a "really fun game that makes you money", where he asked fans to invest by purchasing cryptocurrency collectables.
However, a year later, no game materialised, with Paul apparently abandoning the project. Despite this, the CryptoZoo website still says it is "undergoing upgrades" and that "big things are coming!"
At the start of 2023, YouTube investigator known as 'Coffeezilla' uploaded a crypto video titled 'Investigating Logan Paul's Biggest Scam', racking up over 9 million views. The video featured those who had invested in the game, individually listing off the amount of money they had lost from it, anywhere between $15,000 to $500,000.
Sam Hodde/Getty Images
Initially, Paul threatened legal action against Coffeezilla for defamation, but days later apologised and said he would take accountability, with part of this including repaying investors. Nine months later, however, and those who requested a refund are still waiting for their money to be returned.
YouTuber 'Kavos' has an alleged update on the situation, saying "reliable sources" are claiming that Paul's "best offer was 5-10 per cent of the losses suffered".
Kavos went on to call it "an absolute disgrace", and added that "before this 'offer' Logan and his team tried to get the case dismissed. There is absolutely no accountability or sympathy for his actions."
Many were outraged at Paul's actions, with one user writing "there's no rock bottom for him".
@KavosYT There's no rock bottom for him. He'll always find a way to sink lower.— LindseyRae \ud83c\udf08\u24cb (@LindseyRae \ud83c\udf08\u24cb) 1696652107
Whilst another asked "is anyone surprised?" Saying Paul has never "shown an ounce of integrity":
@KavosYT Is anyone surprised? It's not like LP has ever shown an ounce of integrity.— Crypto Distro (@Crypto Distro) 1696793600
However, some were hesitant to criticise due to the ambiguity of Kavos' "reliable sources":
@KavosYT Not a fan of Logan but how can we confirm the reliability of these \u201csources\u201d— MCFC Nav (@MCFC Nav) 1696668179
@KavosYT I want to know what are your so called " reliable sources" ? Because this could very well be out of your hat.— SonodaTaiki (@SonodaTaiki) 1696668674
Indy100 has reached out to Logan Paul for comment.
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