Logan Paul Promises Compensation for NFT “Crypto Zoo” Project’s Failure, Yet 8 M

[Metaverse-News]

In January 2023, Logan Paul, a popular YouTuber and boxer, announced that he would compensate investors of the NFT project “Crypto Zoo” with $1.5 million after the project turned out to be a failure. The project included a collection of non-fungible tokens (NFTs) and a planned virtual game where holders of these tokens could earn passive returns. However, the game was never launched, and many users accused Logan Paul of fraud.

Despite promises of compensation, no one has received their money back, and Logan Paul’s community has criticized him for not delivering on his promises. The value of the NFT collection also depreciated significantly, losing over 95% of its US dollar value. Additionally, a cryptographic token called ZOO, which was supposed to be a utility token within the game, also saw its value drop to zero.

Investors in the ZOO token and NFTs filed a class-action lawsuit against Logan Paul, alleging that he fraudulently promoted products that turned out to be worthless. They claimed that the promised game either did not work or never existed, and that Logan Paul manipulated the crypto markets for his own financial gain.

In January 2023, Logan Paul announced a compensatory plan to return over $1.5 million to those who lost money investing in CryptoZoo’s NFTs and the ZOO token. However, a prominent YouTuber known as “Coffeezilla” publicly denounced the project as a scam and stated that the victims had not received any payments from Logan Paul.
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[DapanasFruit]

A man with some dignity should return the money invested on his project which failed to deliver the promises made to the public. I am sure that Logan got the money, only if he is really sincere with his promise, otherwise he should declared bankruptcy so that investors should know where the money went. Let's hope that this issue will be solved amicably as soon as possible as investors deserve to see their hard-earned money back to where they belong.

[zasad@]

People who buy NFT from a youtuber and a boxer are fans.
People who buy NFT from a youtuber and a boxer for profit are idiots.
Even the most famous NFTs, which were sold during the hype for millions of dollars, are now not worth even a few thousand.
I can wish the "investors" good luck in court.

[ryzaadit]

Keep promises until his death ~XD.

You know logan, he created a few scam things from the crypto and always avoided any topic of his scam project. He not answer or act if someone are not blow up or make his case viral again.

I don't think he gonna to pay the victim.

[iv4n]

I didn't know anything about Logan Paul's venture in NFTs, but for weeks I have been watching @dillondanis sharing pictures of his fiance.

They will have some fight, and @dillondanis is sharing nudes, exes, and all sorts of Nina's images... pretty wild memes can be seen in comments.



Well, I hope he will have a better performance in the ring than he had in crypto! For his sake.

[cryptoaddictchie]

I think I heard this project before but didnt ape since its too much hype. So whats the news or current update on the compensation fo Logan Paul? Thats a heck of a lot of money and surely its not easy to give it back or atleast return to the investors.

So anyone here included in the crash of this project? More nfts like this turns outgvto be dead in the water after the bull run. So if theres a refund for this, investors are lucky compared to other that totally exexute rug pull.

[ryzaadit]

-snip-

Just make an update for refunding people at the time these case is hype after more than one year+ without a word from him.

Then, once the public get this information and the situation calm without any word again for more than a few month. He only sent a message to calm down the situation due the case is HYPING.

Unless, someone hyping the case again (I think, might has some chance he will refund the money).

[avikz]

People who buy NFT from a youtuber and a boxer are fans.
People who buy NFT from a youtuber and a boxer for profit are idiots.
Even the most famous NFTs, which were sold during the hype for millions of dollars, are now not worth even a few thousand.
I can wish the "investors" good luck in court.

Here goes my version -

People who buy JPG images in the name of NFT, are idiots!

The NFT market is a scammers paradise and it's the main market for money laundering nowadays. It's just dead for commoners like us and living on a sole purpose of converting the black money white. That's all! It has no purpose and it doesn't add any value.

[AbuBhakar]

People who buy NFT from a youtuber and a boxer are fans.
People who buy NFT from a youtuber and a boxer for profit are idiots.
Even the most famous NFTs, which were sold during the hype for millions of dollars, are now not worth even a few thousand.
I can wish the "investors" good luck in court.

Here goes my version -

People who buy JPG images in the name of NFT, are idiots!

The NFT market is a scammers paradise and it's the main market for money laundering nowadays. It's just dead for commoners like us and living on a sole purpose of converting the black money white. That's all! It has no purpose and it doesn't add any value.

Exactly, I don’t understand too on where did this people find the courage pay huge amount on NFT despite it has no utility and not instant liquidity to cash out this trash when needed by the user. Price of NFT typically being manipulated through buying and selling by the owner on his 2 address just to boost the price and create a fake demand.

I’m sure Jake Paul will face charges on this issue but he is just enjoying the free time while the case is still cold or if ever the victim will stop pursuing the case.

[eaLiTy]

~
In January 2023, Logan Paul announced a compensatory plan to return over $1.5 million to those who lost money investing in CryptoZoo’s NFTs and the ZOO token. However, a prominent YouTuber known as “Coffeezilla” publicly denounced the project as a scam and stated that the victims had not received any payments from Logan Paul.

The sole reason Logan Paul talked about compensation plans for the investors who invested in his project is because Coffeezilla was calling him out and exposing his scams for a while. If not for Coffeezilla and his constant call outs Logan Paul was not even thinking about compensating his investors rather it would be dubbed as another failed project, now that Logan Paul has owned compensating the investors, he will try compensating atleast a few investors.

[DapanasFruit]

People who buy NFT from a youtuber and a boxer are fans.
People who buy NFT from a youtuber and a boxer for profit are idiots.
Even the most famous NFTs, which were sold during the hype for millions of dollars, are now not worth even a few thousand.
I can wish the "investors" good luck in court.

Yes, of course, let's wish these people a lot of good luck in court so they can get back the money they lost in trusting that famous man to deliver what he promised. Anyway, this is all showing us how risky it would be to open up our wallet when we are convinced we can gain a lot from a project that is still in its infancy.