CryptoZoo, an NFT project founded by Logan Paul, has been the topic of public debate after crypto journalist Coffeezilla exposed the shady crypto project. Now Paul and his mates are the latest targets of a lawsuit.
Internet influencer Logan Paul and his NFT project CryptoZoo were sued Thursday for allegedly executing a rug pull to steal users’ funds and abandon the project.
A rug pull is a form of a scam conducted by attracting people to invest in a new crypto project, then the team behind this project suddenly withdraws or dumps all tokens on the exchange, rendering the coin immediately worthless.
Logan Paul Gets Nailed
The lawsuit against Logan Paul was filed by attorneys from Ellzey & Associates and Attorney Tom and Associates, representing Don Holland, a police officer residing in Round Rock and a CryptoZoo victim.
Holland, on behalf of other victims, accused Paul of making a false statement that promised CryptoZoo’s NFT…
