April 2021, youtuber coffeezilla (real name stephen findeisen) released a three-part series about logan paul’s cryptozoo project, alleging that paul had scammed his fanbase. paul has denied the allegations and is now planning to sue findeisen for defamation. andrew rossow, an attorney and adjunct professor of law, stated that paul would need to prove “actual malice” or that findeisen published the videos with a “reckless disregard for the truth” in order for a court to take his case seriously.
Was launched in 2021 and allowed users to buy “eggs” that hatch into hybrid animals, with the potential to earn passive income in the form of the zoo token. the zoo token has dropped drastically in the past year, with six individuals claiming to have collectively lost around $600,000. cryptozoo blog has not posted any new content since april 2022, and neither its instagram nor twitter page have been active since may 2022. paul and his manager jeffrey levin have both suffered financial losses due to the cryptozoo fiasco. paul claims that findeisen’s published phone call interview with levin was “illegal.”
Has accused findeisen of being a “very good storyteller and very, very manipulative” and agreed with findeisen’s assessment of former cryptozoo employee eddie ibanez, asserting that ibanez is a “professional con man.” paul also mentioned that ibanez is being investigated by a higher authority, though he could not provide further details. despite this, paul is still intent on taking legal action against findeisen for the videos. findeisen said he had not yet received any legal action from paul’s team, adding that paul had taken “zero accountability” and was “just wants to save his own reputation instead of cleaning up the mess that he and his team created”. paul intends to make sure the project succeeds.
https://decrypt.co/118417/logan-paul-coffeezilla-cryptozoo-scam
