Everything You Need To Know About Logan Paul Scam And CoffeeZilla Latest Updates

After the failure of Logan Paul’s CryptoZoo game to allow players to withdraw their crypto funds, Youtuber Coffeezilla investigated and accused him of scamming everyone involved. In this article, we’ll cover the Logan Paul Scam And CoffeeZilla Latest Updates.

Logan Paul is currently in the public spotlight after a video series published by CoffeeZilla accusing him of scamming his audience. For the first time in his life, Paul avoided controversy. And later, he posted a video response, which he quickly deleted after receiving tons of dislikes.

But, he apologized again later and came up with a plan to refund investors.

So what happened there, and what is the real story behind all that? In this article, we’ll explain why this story is so exciting and why everyone is talking about it. And now, let’s get to Logan Paul Scam And CoffeeZilla Latest Updates.

Logan Paul Scam And CoffeeZilla Latest Updates

In August 2021, Logan Paul began promoting a game, CryptoZoo, on his podcast Impaulsive. CryptoZoo is a blockchain-based game where players can purchase in-game cryptocurrency (ZOO tokens) to buy eggs that would hatch into animals that users could crossbreed with other in-game animals. The rarer the breed, the more in-game crypto a player could receive, buying more eggs or cashing out for fiat currency.

Since then, players have spent and lost millions of dollars in CryptoZoo. In a YouTube video series by Coffeezilla, Stephen Findeisen documented the scam. Investors and fans of Logan Paul claim that there is no way to cash out — and no way to hatch the eggs at all. After huge public pressure following Coffeezilla’s three-part series, which got millions of views, Paul first issued a response video that we’ll get into later in our video.

Logan Paul’s Response Video and Threats To Sue CoffeeZilla

Paul’s opening statement in his video claimed Coffeezilla’s investigations into CryptoZoo were motivated by a desire to ruin his reputation. He added that Findeisen has opened himself up to “real repercussions.”

“Like many on this platform, you have successfully used my name for views and money.” “During your work, you used to be impartial, but your addiction to clicks has clouded your judgment, and you’ve made huge errors with very real repercussions.”

Paul then attacked Findeisen’s credibility by saying his content has become little more than unfounded gossip unsupported by facts.

Let’s dive deeper into Logan Paul Project CryptoZoo

In a now-deleted description, it was characterized as “an independent ecosystem that allows ZooKeepers to buy, sell, and trade unique creatures and hybrids.” CryptoZoo is a fun game with familiar gameplay that integrates cryptocurrencies and non-fungible tokens. At least, that’s what they advertised.

The project sold cartoon egg pictures as NFTs. Promising collectors might hook them into randomly selected animal pictures.

After that, collectors may “breed” their animals to create new species and earn Zoo coins.

The number of investors in CryptoZoo is undisclosed; however, the project’s Discord server has over 500 users.

After selling millions of dollars worth of NFTs and tokens, Paul stopped talking about CryptoZoo and seemingly abandoned the project until CoffeeZilla revealed all that.

CoffeeZilla Responded To Logan Paul On Twitter

Coffeezilla accused Paul of defrauding investors and leaving them after selling them “worthless” digital content in his videos, which have roughly 19 million views.

On Thursday, Paul released a furious reply video in which he admitted that he made a mistake in selecting “conmen” and “felons” to oversee his project but denied that the failures were his fault.

He accused Findeisen of lying about the facts and threatened to sue him.

However, Paul removed his video and apologized to the CoffeeZilla on Saturday.

He also stated on the CryptoZoo Discord that he will be “taking accountability, apologizing, and presenting a strategy soon.”

No more information has been provided concerning Paul’s plans to refund investors or restart CryptoZoo until about a month later, when he published a video apologizing again and coming up with a plan to refund investors, and we’ll get to that later in this video.

One 34-year-old guy told BBC News that, after hearing Paul on Impaulsive podcasts, he spent $40,000 on NFT eggs.

“At first, we all assumed the project was having some problems, but then Logan pulled everyone along and abandoned it with no words, which is simply terrible,” he stated.

“Now, Logan is only trying to make amends after the Coffeezilla videos.

“I don’t want a refund; I just want the project finished and Logan to accomplish what he promised from the start.”

“I don’t think it’ll ever be as huge as it could have been, but I think it’s critical that the “founders” follow through on their promises to investors.”

In addition, Paul has been promoting another unsuccessful crypto project Dink Doink, which he advocated in June 2021.

Paul gained popularity on the internet by posting short video clips to the video-sharing website Vine before shifting his attention to YouTube.

In 2017, he received major criticism after releasing a video revealing the body of an apparent suicide victim in Japan.

Logan Paul Apologized To Investors of CryptoZoo And Promised a Refund

Logan Paul has apologized to investors who lost money after investing in CryptoZoo, his cryptocurrency game.

The 27-year-old encouraged people to purchase tokens for a “very fun game that earns you money.”

However, more than a year after its first release, no game has been released, and Paul has abandoned the project.

Paul responds to CoffeeZilla by saying he wants to “make this right.”

Paul, who has over 26 million YouTube subscribers, stated that he spent “probably over a million” dollars establishing CryptoZoo and that he had a “huge team behind the game.”

After That, Logan Paul Dropped The Charges

Despite the fact that Coffeezilla called Logan Paul’s CryptoZoo game a “scam,” he will not appear in court.

“Logan contacted me,” Findeisen tweeted on Saturday. “He promised that he would delete the two responses and drop the lawsuit threats.”

CoffeeZilla added that Paul is making a third response, which I’ll be delaying my video to include. Hopefully, this time, he will take accountability and refund the victims of CryptoZoo. That’s what matters.

“The war is not with coffee,” Paul said. “I will take accountability, apologize, and come forward with a plan shortly.”

In the first response video, Paul said at the end that “CryptoZoo is coming,” but it is unclear when, how, or even whether that dream will be realized.

Another CryptoZoo legal battle might be on the horizon. Coffeezilla talked to the former CryptoZoo developer Zach Kelling, whom Findeisen kept anonymous in his videos, but Paul later doxxed him in his response video.

Kelling called Paul’s response video “defamatory” and suggested it was a personal attack in a LinkedIn post.

Kelling acknowledged that he and his team still didn’t get paid for their work on CryptoZoo.

“If Logan pays me, I’ll release the game,” Kelling explained. “It’s up to him. So far, we’ve all been tricked.”

While Kelling is relieved that Paul deleted the response video, the problem is far from over.

“I am a CryptoZoo investor and the company’s first CTO. CryptoZoo still needs to pay the developers about $1 million and 5% of the tokens. I am pleased to give the GitHub repos, which demonstrates that it was certainly a massive effort by almost 30 team members. “In his statement, Kelling denied Paul’s initial claim that Kelling only employed three engineers.

“My legal counsel will follow up with Logan and the CryptoZoo team to immediately address their claims,” he said.

Kelling went on to explain that Logan’s actions “put me back years” because of Paul’s video, which doxxed him and exposed his wiped criminal record.

But for the time being, Kelling’s greatest worry is the safety of himself and his family, and he has shared screenshots of anonymous people’s threatening messages, as well as images of his house.

“He doxxed me publicly and photoshopped me in a jumpsuit, and now his fans are pursuing and harassing me,” Kelling added. “His public insults endanger the lives of my family.”

Logan Paul Finally Reveals a $1.3 Million Refund Program for CryptoZoo Investors.

Logan Paul’s Latest video was posted on January 13 and quickly went viral on Twitter. Paul detailed his three-step plan for CryptoZoo.

“I told Coffeezilla he wasn’t a criminal.” I expressed my regret. My initial reaction to his series was one of rage, ego, and pride. “I felt protective because I knew I didn’t scam anyone with this project,” Paul explained. “Suing Coffeezilla would not benefit Cryptozoo holders. Therefore I must concentrate my efforts there.”

He then presented his three-step strategy to improve things for current and potential investors.

“Jeff and I are going to burn our tokens, so we have no financial upside to the game, and it will boost the value of older tokens,” Paul stated. Step two, we aim to provide a rewards program for gamers who are disappointed with the game’s current position.”

Logan went on to explain the rewards program, stating that existing holders would be able to burn their eggs for the mint price, which was 0.1 Ethereum and greater than the current value of the game, implying that investors may receive their money back.

Logan then announced that they wanted to finish the game as promised.

“To say I am upset with how this was handled internally is an understatement,” he continued. “There will be a complete internal examination as well as an audit, and we will pursue full legal action against anyone who has to be held accountable.”

“I apologize, folks. I apologize for the way things have played out so far, and I want people to know that they can trust me and that I will always look after the fans. “I promise to be open and honest about anything that happens during the process.”

CoffeeZilla added: ”I’m glad he dropped the frivolous lawsuit, but the next steps are much more important: The right thing to do in this situation is to provide refunds to the victims.” That’s what this has always been about.

Our Logan Paul Scam and CoffeeZilla Uncovering all that has come to an end.

Anyway, CoffeeZilla delayed his fourth video to include the latest updates, and he just uploaded the video, let’s see the latest updates and see where the story goes.

Logan Paul’s $1.3 million plan for CryptoZoo does “nothing” for victims, says Coffeezilla: ‘He Himself Can’t Help But Play The Victim Here.’

Logan Paul Scam and CoffeeZilla saga are still in the news.

What Happened: In a recent video, Coffeezilla questioned Paul’s integrity, implying that his goals may be more about avoiding legal action than anything else.

Despite Paul’s video apologies on Twitter and his promise to assist scam victims in regaining their losses, Coffeezilla questioned Paul’s sincerity, stating that elements of his apology and new attitude were “flat.”

Coffeezilla has explained why he feels this refund scheme offers “nothing” for the majority of claimed scam victims.

Coffeezilla stated in a video uploaded on Wednesday that he does not intend to minimize Logan’s gesture of refunding victims 1,000 Ethereum worth $1.3 million but that “the scam was far greater than 1.3 million dollars. Therefore the reality is, most victims are not going to be made whole by this scheme.”

Why It matters: He repeated that Logan’s team had “scammed over $7.7 million” based on his findings. He did, however, state that this refund does not apply to individuals who purchased in-game currencies or who presently own Zoo coins; they will receive “nothing.” “This return is only available to existing egg holders,” he said.

Coffeezilla mentioned that the value of the cryptocurrency has decreased since the release of Logan’s egg holders. Even though the eggs were initially purchased for $2.5 million, a refund at the original mint price “would cost only $1.3 million in today’s money.”

He added, “Logan had a simple job to do.” “All he had to do was just come out, apologize, and get as much money back for the victims as possible, but he can’t help but play the victim here.”

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