Investors still waiting on $1.9M refund Logan Paul promised six months ago: CoffeeZilla

July 1, 2023 Coin Telegraph

Coffeezilla

Coffezilla asserted that the refund process should be quite easy to sort while the financial implications aren't an issue for someone as wealthy as Logan Paul.

Investors in Logan Paul’s troubled NFT gaming project CryptoZoo are reportedly still waiting for any specific details on the 1000 Ether (ETH) refund (worth $1.93 million at current prices) that was promised back in January.

In a YouTube video posted on June 30, “internet detective” Coffezilla — the person who initially brought the project’s issues to light in December 2022 — asserted that Paul’s communication with the CryptoZoo community has dried up over recent months:

“It’s been six months, so here’s a follow-up. Logan Paul has not paid back his victims, he hasn’t talked about it since he first announced he was gonna pay them back. And what’s worst of all, he doesn’t seem to have a plan in place to refund anyone.”

“How do I know that? Well because I've been asking Logan for that plan to refund people, the entire time, behind the scenes,” he added.

CryptoZoo was launched in September 2021, intending to be a NFT breeding game offering opportunities to earn ZOO tokens and NFTs, with Paul himself describing it as a “really fun game that makes you money.”

However, with lackluster NFT artwork that was seemingly ripped from Adobe Stock images, tanking NFT and ZOO token prices and an apparent failure to deliver on the roadmap, investors became disgruntled by late 2022.

After facing strong backlash from the community following Coffezilla’s series of expose videos on CryptoZoo, Paul ultimately announced a plan to refund investors on January 14, while also vowing to deliver on the project’s roadmap.

This however, didn’t stop CryptoZoo and Paul from being slapped with a class action lawsuit the following month.

My 3-step plan for CryptoZoo, including a $1.3M rewards program for disappointed players.

Thank you, @coffeebreak_YT pic.twitter.com/xFX017UHoc
— Logan Paul (@LoganPaul) January 13, 2023

In Coffeezilla’s latest video, he shared screenshots of email communications with Paul’s lawyer Jeffrey Neiman of the MNR law firm, which appear to suggest that a concrete plan has yet to be established.

“We represent Logan Paul. Mr. Paul has informed us of your outreach about the status of the CryptoZoo egg buyback. Mr. Paul remains committed to this process. We are working with Mr. Paul to evaluate the best way to achieve this goal,” the email read.

Coffezilla went on to raise issues with this statement, as he highlighted the simplicity of paying blockchain developers to promptly write the code for the refund process, while also asserting that Paul is clearly wealthy enough to make investors whole.

“So you’re still at the whiteboard then? Guys this is a statement you say when you have no plan, or you’re stalling, [...] I mean that’s where Logan was back in January, he was evaluating.”

“Am I supposed to believe that six months later you guys haven’t figured this out?” he added.

Logan Paul really is the type of dude to thank you when you expose his scam, then block you when you remind him to pay up. pic.twitter.com/wI1o3ilD5S
— Coffeezilla (@coffeebreak_YT) June 30, 2023

At the time of writing Paul is yet to post a response on YouTube or Twitter.

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Logan Paul and CryptoZoo hit with lawsuit as investors take action

February 3, 2023 Coin Telegraph

Case

Plaintiff Don Holland has filed a lawsuit against CryptoZoo and Logan Paul, alleging the YouTube influencer’s “fraudulent venture” executed a “rug pull.”

CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser's cryptocurrency via a "fraudulent venture."

In a court filing on Feb. 2 in the District Court of the Western District of Texas, plaintiff Don Holland alleged that Paul and executives at CryptoZoo (CZ) “executed a ‘rug pull’” by promising purchasers of the nonfungible tokens (NFTs) exclusive access to crypto assets among other benefits, but ultimately abandoned the project and kept the funds.

"As part of Defendants’ NFT scheme, Defendants marketed CZ NFTs to purchasers by falsely claiming that, in exchange for transferring cryptocurrency to purchase the CZ NFT, purchasers would later receive benefits, including, among other things, rewards, exclusive access to other cryptocurrency assets, and the support of an online ecosystem to use and market CZ NFTs," it wrote.

We have officially filed a class action lawsuit in the Western District of Texas against Logan Paul et al. for the CryptoZoo fiasco. (This is in addition to the numerous cases heading to arbitration on the matter.) pic.twitter.com/BIC5v63TGZ
— AttorneyTom (@attorney_tom) February 2, 2023

"In reality, soon after completing the sale of all their CZ NFTs, Defendants, together with others [...] transferred millions of dollars’ worth of purchasers’ cryptocurrency to, among other places, wallets controlled by Defendants," it alleged.

The lawsuit was submitted by attorneys from Ellzey & Associates and Attorney Tom and Associates, the latter of which is the law firm run by YouTube personality Attorney Tom.

In a YouTube video on Jan. 16, Attorney Tom told viewers that they are suing Paul over the alleged crypto scam after “weeks of investigation and speaking to a number of Crypto Zoo victims.”

Other defendants named in the suit include Danielle Strobel, Jeff Levin, Eddie Ibanez, Jake Greenbaum (Crypto King) and Ophir Bentov (Ben Roth), according to Attorney Tom.

This lawsuit comes despite Paul unveiling a $1.5 million recovery plan for disgruntled investors in the CryptoZoo project via a video on Twitter on Jan. 13.

He also revealed that he is no longer going to sue CoffeeZilla over his allegations that his project is a scam, stating that suing him is “not going to help Cryptozoo holders,” adding that he wants to focus on “fans and supporters of him.”

Paul outlined his recovery plan will consist of three stages — stating the first stage will be himself and the co-founder of CryptoZoo, Jeff Levin, burning their ZOO token holdings.

He clarified in doing this they will “have no financial upside” in the game, and it will “add value to the holders’ tokens.”

Paul claimed the second stage will involve him personally committing 1,000 Ether (ETH) to the project so that “disappointed” investors can burn their NFTs to get their initial investment of 0.1 ETH back, the cost to mint the NFT.

Meanwhile the third and final stage he hopes to “deliver the game as outlined in the whitepaper.”

Logan Paul unveils $1.3M CryptoZoo recovery plan

January 14, 2023 Coin Telegraph

Logan Paul unveils .3M CryptoZoo recovery plan

Coffeezilla

As part of the plan, Logan Paul stated that he will commit 1,000 ETH to repay disgruntled investors that want to make an exit via burning their CryptoZOO NFTs.

YouTuber Logan Paul has unveiled a $1.5 million recovery plan for the people who invested in his beleaguered NFT project CryptoZoo.

Announcing the move in a video shared via Twitter on Jan. 13, Paul reiterated that he is no longer looking to sue fellow YouTuber Coffeezilla for defamation over accusations he made in a critical series of videos on Paul’s NFT project.

My 3-step plan for CryptoZoo, including a $1.3M rewards program for disappointed players.

Thank you, @coffeebreak_YT pic.twitter.com/xFX017UHoc
— Logan Paul (@LoganPaul) January 13, 2023

As such, Paul emphasized that he is instead focused on fixing CryptoZoo, delivering on the roadmap and making things right with fans and investors:

“The fact is, suing Coffeezilla is not going to help Cryptozoo holders so I do need to focus my attention where it should be, which is on fans and supporters of me.”

Paul outlined that his recovery plan consists of three stages. Firstly, he and his manager /CryptoZOO co-founder Jeff Levin will burn their ZOO token holdings so that they “have no financial upside” in the game, and so that the token supposedly has more value.

Secondly, he claimed that he will personally commit 1,000 Ether (ETH) as part of a rewards program that enables “disappointed” investors to burn their NFTs to get the initial 0.1 ETH ($150) mint price back.

*Reaction tweet from @CryptoKingBob: Twitter*

It is worth noting that at the time of Paul’s tweet, 1,000 ETH was worth around $1.3 million, however the price of ETH — among a host of other top assets — has since been on a hefty pump that has seen its price gain 10.2% over the past 24 hours to sit at roughly $1,548.

Finally, Paul noted that the third stage is to “obviously finish and deliver the game as outlined in the whitepaper,” which was initially touted as a play-to-earn game that involved breeding animal NFTs to receive ZOO token rewards.

“To say I am disappointed in how this was handled internally is an understatement, there’s a full internal investigation going on along with an audit and we are going to pursue full legal action for whoever needs to be held accountable.”

“If any money is recovered in the process, it’ll go right to the community,” he added.

The community reaction to Paul’s Twitter post was mixed, with some tipping their hats to Paul’s efforts, while others continued to pile on with further criticism.

Users such as @tharaxis noted that while criticism of Paul and CryptoZOO was valid, “all of this seems very positive and while it took a while this definitely deserves a ‘good job’. Hopefully it stays that way.”

While the founder and CEO of Genius Group Roger Hamilton added: “‘i’m sorry’ and compensation to those who lost money. How great if all CoffeeZilla investigations would end up this way.”

On the other end of the spectrum, popular NFT and crypto trader @crypto_bitlord7 stated: “But let’s be honest. You didn’t care until it started to impact your reputation.”

“You then threatened to sue. And when you realized it backfired, you started this to try to please people. You are as fake as it gets. A true Larp,” they wrote.

He STILL did not take any accountability!

He said “I’m sorry for how things unfolded” he refuses to believe he is at fault.

Additionally, he said “full investigation on WHOEVER is accountable”

And now he is treating coffeezilla like his best friend yet he doesn’t follow him
— Youssof Altoukhi (@Youssofal_) January 13, 2023

Logan Paul backflips on defamation lawsuit against Coffeezilla, apologizes

January 9, 2023 Coin Telegraph

Coffeezilla

Logan Paul has deleted his response video aimed at Coffeezilla and has apologized in a surprise u-turn.

YouTuber Logan Paul has deleted a video in which he threatened to sue internet detective Stephen "Coffeezilla" Findeisen over a three-part series that painted Paul’s CryptoZoo project as a "scam."

According to Coffezilla in a Jan. 6 Twitter post, Paul has promised to drop his threats of filing a defamation lawsuit over the videos.

Logan called me. He said he’s deleting the two responses, and is dropping the lawsuit threats.

I believe he’s making a 3rd response, which I’ll be delaying my video to include. Hopefully this time he takes accountability and refunds the victims of CryptoZoo. That’s what matters. https://t.co/ElKX2d9mY0
— Coffeezilla (@coffeebreak_YT) January 7, 2023

Sharing a screenshot from the CryptoZoo Discord server, Findeisen also showed a message from Paul to user confirming he deleted his initial response to Coffeezilla’s video series and apologized, which read:

“It was rash and misaligned with the trust issue at hand, so I called him today and apologized.”

“The war is not with Coffee. In fact, I’m grateful he brought this to light. I will be taking accountability, apologizing, and coming forward with a plan in the near future,” Paul added.

At the time of writing, Paul’s Jan. 3 response video to Coffeezilla’s accusations has been removed from YouTube. The Twitter post pointing to the video is still up as is his initial Dec. 23 post calling the allegations “Not true."

The two YouTubers began a war of words after Coffeezilla launched the first of a three-part video series on Dec. 17 alleging CryptoZoo of numerous business malpractices while also calling out Paul — the face of the project.

In his now-deleted response video to Coffeezilla, Paul haaccused Coffeezilla of defamation, adding “I’ll see you in court.”

Coffeezilla mentioned in his post that Paul is possibly "making a 3rd response," but at the time of writing neither Paul nor Coffeezilla has shed any further light on the matter.

Cointelegraph reached out to Logan Paul and Stephen "Coffeezilla" Findeisen for comment but did not receive a response before publication.

Logan Paul threatens to sue Coffeezilla over CryptoZoo ‘scam’ allegations

January 5, 2023 Coin Telegraph

Coffeezilla

YouTube boxer Logan Paul, who was spearheading the CryptoZoo NFT project, has accused Coffeezilla of publishing “defamation” about him and the project.

YouTuber Logan Paul has threatened to sue fellow YouTuber and internet detective Coffeezilla for defamation after he accused Paul’s CryptoZoo nonfungible token (NFT) project of being a “scam.”

The two have been battling back and forth on both social media and YouTube videos ever since Dec. 17, when Stephen Findeisen — also known as Coffeezilla — launched the first of a three-part video series attacking CryptoZoo and Paul, who was the face of the project.

“CryptoZoo was supposed to be a fun blockchain game that can earn you money [...] but millions of dollars of investor money later, things are still broken,” he said.

In his most recent response, Logan Paul published a YouTube video on Jan. 4 accusing the internet detective of having “led the charge to drive and monetize a narrative telling millions of people that I’m a fraud or I tried to scam my audience.”

new video
My Response To Coffeezilla’s Scam Allegations
important that you watchhttps://t.co/KbsWsXll49 pic.twitter.com/eYOHDfC2IZ
— Logan Paul (@LoganPaul) January 3, 2023

He has also accused Coffeezilla of having done so without verifying any background information or substantiating any evidence, adding that he “took multiple criminals’ words as truth and broke laws, you still published the defamation,” adding:

“I’ll see you in court.”

CryptoZoo is an NFT game with the premise of allowing “ZooKeepers” to buy NFT eggs using the game’s native token, ZOO. These eggs would then be hatched into animals that can be bred to create hybrid animals.

The hybrids were intended to be tradeable and provide ZooKeepers with ZOO, with Paul describing the project in an Aug. 21, 2021, podcast as a “really fun game that makes you money.”

ZOO pic.twitter.com/JOnVCpB7JE
— CryptoZoo (@CryptoZooCo) May 5, 2022

Additionally, Paul had suggested the art for the game would be “handmade” by 10 different artists over six months.

The hybrids were the focus of a Sept. 11, 2021, video from Coffeezilla in which he described the images as “a bunch of stock photos from Adobe that have been poorly photoshopped.”

However, the CryptoZoo blog has not published any new content since April 20, prompting some to believe that the development of the project has halted.

During Coffeezilla’s three-part series about CryptoZoo, the YouTuber interviewed purported investors of the project. One investor who claimed to still be holding eggs called on the CryptoZoo team to “reimburse those loyal fans they have or try to rebuild the project.”

However, in his latest video, Paul said that they will “continue to build CryptoZoo,” sharing a teaser stating that it was coming in 2023/2024.

“Trust me, CryptoZoo is coming, I will make damn sure of it.”

Coffeezilla has continued to question the authenticity of these claims on Twitter.

Fear not CryptoZoo holders, who spent millions in 2021.
The basic game MIGHT be delivered in 2023/24!!!! and definitely not because I made a video series about it. pic.twitter.com/SQydiLrZjR
— Coffeezilla (@coffeebreak_YT) January 4, 2023

Meanwhile, both Paul and Coffeezilla have called on each other to discuss the matter on their respective platforms, but both have yet to accept any of the invitations.

According to CoinMarketCap, the Zoo token has plummeted by 99.5% over the past year, despite some gains within the last week following recent media attention.

Paul had been an avid supporter of crypto and NFTs throughout 2021 and was a major promoter of the crypto token Dink Doink (DINK) prior to launching CryptoZoo. Dink Doink was also lambasted by Coffeezilla in a July 12, 2021 video.

CryptoZoo

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