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Logan Paul is coping with backlash for not paying again CryptoZoo NFT consumers. The well-known YouTuber discovered himself within the midst of a significant controversy six months in the past over an NFT recreation challenge referred to as CryptoZoo. The challenge promised NFTs and a ZOO token. However, disappointingly, the sport by no means noticed the sunshine of day. Now, the favored YouTuber and influencer is dealing with renewed criticism. Let’s take a more in-depth look.
TL;DR:
CryptoZoo Scandal: Logan Paul’s Pledge to Refund NFT Patrons Falls Flat
The scenario first escalated in January. Markedly, when YouTube investigator Stephen “Coffeezilla” Findeisen and others criticized Logan Paul for allegedly deceptive his viewers and NFT consumers. In response, on January 13, Paul launched a video outlining his “three-step plan” to handle the problem. Nevertheless, only one month later, Paul confronted a class-action lawsuit. This accuses him and his group of deceiving and rug-pulling CryptoZoo consumers.
The challenge was labeled a rip-off by many and Logan Paul’s pledge to refund NFT consumers appeared to supply hope for decision. But, in line with Coffeezilla, Paul has remained silent on the matter since his preliminary announcement. Thus, leaving victims within the lurch with none clear plan for reimbursements.
Looking for Solutions and Accountability
Regardless of fixed efforts to hunt updates from Paul, Coffeezilla acquired no response. After reaching out to the victims and intently monitoring their public Discord chat all year long, he discovered that Logan Paul had not fulfilled any of his commitments to NFT consumers. Regardless of making a public assertion and taking credit score for his plan, Paul appeared to have vanished from the victims’ lives.
It was solely after reaching out to Paul’s prison protection lawyer that Coffeezilla received a reply. Logan Paul’s group claims they’re nonetheless evaluating the very best strategy to supply refunds to NFT consumers. Coffeezilla expressed disappointment with the lawyer’s response, because it lacked a selected timeline or concrete plan for restitution.
One of many key guarantees in Logan Paul’s video addressing the NFT scandal, was that he and his supervisor, Jeffrey Levin, would burn their $ZOO tokens, basically destroying them to make sure they couldn’t revenue from them. Nevertheless, upon scrutinizing the official ZOO contract outlined within the token’s whitepaper, there isn’t any concrete proof that Paul or Levin ever burned any of their ZOO tokens. Moreover, a pockets designated for token burns, ending in 0x6D, reportedly burned 1.5 billion ZOO tokens after the preliminary NFT launch however has remained inactive since March 2022.
Finally, the dearth of motion and transparency from Logan Paul and his group for many who purchased the NFT has left many pissed off and upset. As Coffeezilla continues to advocate for the victims, it’s clear that the fallout from the CryptoZoo controversy is way from over. The YouTuber’s status and integrity are nonetheless on the road because the neighborhood eagerly awaits solutions and accountability.
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