- Logan Paul faces multiple crypto scam allegations.
- Paul pranks BBC reporters investigating scam claims.
- CryptoZoo class action lawsuit is still ongoing.
YouTuber-turned-wrestler Logan Paul has faced ongoing accusations of scamming fans through questionable crypto ventures, with the CryptoZoo debacle being the most notable. Despite pledging to buy back CryptoZoo NFTs and shifting blame onto his partners, Eduardo Ibanez and Jake Greenbaum, the full story behind the projectโs collapse remains murky.
In a surprising twist, Logan Paul recently confronted BBC reporters who were investigating the scam allegations. Rather than addressing the controversy directly, he turned the tables by pranking reporters, casting doubt on his claims of wanting to make things right.
Logan Paul Invites BBC Reporters During Hurricane
With media scrutiny mounting over Logan Paulโs crypto ventures, BBC reporters spent months attempting to secure an interview. They sought Paulโs perspective on allegations of profiting from pump-and-dump schemes involving memecoins and claimed that CryptoZoo was a premeditated rug pull.
Sponsored
After months of rejecting interview requests, Paul finally agreed, or so it seemed. He directed the reporters to meet him at a boxing gym he co-owns with his brother, Jake Paul, in Puerto Rico. The timing was odd, as Hurricane Ernesto was battering the island then.
The Category 1 storm, with gusts reaching up to 100 mph, had caused severe flooding and significant damage across the Caribbean in August, leaving Puerto Rico particularly hard-hit.
Lookalike Steps In
Despite battling treacherous conditions to reach the gym, the reporters sensed something was off upon arrival. The atmosphere was tense, and instead of preparing for a serious interview, they found themselves under scrutiny, with multiple cameras pointed at them.
Events took a bizarre turn when a Logan Paul lookalike appeared, attempting to impersonate the YouTuber. When the reporters protested, chaos ensued as an orchestrated crowd swarmed the scene, waving banners and chanting accusations of “pedophiles,” as a pointed jab at the BBCโs well-documented scandals.
As reporter Matt Shea later put it, the team had traveled a great distance “just to be trolled.”
CryptoZoo Lawsuit Ongoing
Although Logan Paul avoided being quizzed by BBC reporters, he has cooperated with the US District Court regarding a class action lawsuit against him and other parties tied to the project.
The plaintiffs alleged that CryptoZoo was marketed as an investment game promising returns, yet no final product or clear timeline ever materialized. They claim the venture was a “fraudulent scheme, ” leaving them with financial losses.
Filed in February 2023, the lawsuit has seen numerous delays, with defendants frequently requesting extensions to respond. Most recently, on November 8, Paul and others sought to dismiss the case, arguing that the plaintiffs lack jurisdiction to proceed.
The repeated attempts to stall the case suggest the defendants may be trying to avoid facing the allegations in court, raising further questions about their commitment to accountability.
On the Flipside
- Year-on-year sales of Paulโs Prime drink are down 50%.
- Refresco Beverages US Inc., the bottler of Prime, is suing Prime Hydration LLC for $68 million after the latter defaulted on a three-year deal as sales declined.
- The CryptoZoo buyback had a deadline, with some buyers missing the deadline date.
Why This Matters
As social media influencers blur the lines between entertainment and investment, everyday fans bear the brunt of unchecked digital entrepreneurship.
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