Logan Paul: Involved in a major fraud – Millions disappeared!
The well-known YouTuber apologized and then deleted his apology
Involved in a major fraud, it was revealed that he is the extremely well-known YouTuber and WWE wrestler, Logan Paul , who deceived his audience through a crypto project called CryptoZoo.
Specifically, the 27-year-old encouraged his audience to buy NFTs for CryptoZoo, which he emphasized is “a really fun game that makes you money.” However, more than a year after Paul’s promises, the game was never released, with him completely abandoning the project, in which he allegedly – always according to his words – invested almost $1 million of his personal money. estate.
Somehow, those who bought the NFTs were left in the cold, losing their money. There are people who lost thousands of euros, after the first day that the sale of the digital items began, a total of 2.85 million dollars was spent to acquire them.
Despite the voices of many enraged users, the scandal was finally made widely known by cryptocurrency-related fraud researcher Stephen Findeisen. In particular, Stephen, known as Coffeezilla on YouTube, started a series of videos analyzing in great depth how CryptoZoo was a “scam”. His videos now have tens of millions of views and forced Paul to break his silence.
Somehow, last Thursday, Paul posted his own video response, in which he angrily threatened to sue Stephen. Finally on Saturday he decided to delete the video and apologized to the researcher.
At this time, no details have been given on how Paul intends to either compensate investors or whether he intends to eventually launch CryptoZoo, but he has promised to reveal his plans in the near future.