NFT
American Youtuber and influencer Logan Paul is below crypto detective Coffeezilla’s radar, who has now uncovered his CryptoZoo sport rip-off. Logan Paul’s “enjoyable sport” claimed to allow customers to earn cash. Nonetheless, after tens of millions of {dollars} in investor cash, customers had been left with nothing greater than inventory photographs of zoo animals.
I spent the final 12 months investigating Logan Paul’s blockchain rip-off “CryptoZoo”. It turned a 3 half docuseries. Half 1 is NOW LIVE. https://t.co/KhVeVJRDeO
— Coffeezilla (@coffeebreak_YT) December 17, 2022
Initially, Logan confirmed nice pleasure for his ardour challenge CryptoZoo on his podcast referred to as “Impaulsive.” The aim of the sport CryptoZoo was to permit individuals to take a position their cash and earn passive earnings whereas they play.
Customers purchased animal eggs, then they bred the animals that hatched from the eggs to create distinctive NFTs. However the issue stemmed after individuals invested tens of millions and had been unable to money out the earnings.
Coffeezilla requested one of many victims, HelicopterBob, who misplaced $7000 below CryptoZoo, if the passive yield ever labored for him and if he made any cash. To this Bob replied:
It by no means labored from the start. It wasn’t even written into the contract the place it confirmed when you might yield with Zoo. However there was no solution to declare your yield. There by no means was
Coffeezilla investigated the scandal to disclose that at one level, Logan blamed the developer of the sport for its failure. Paul claims that the developer created a code after which ran off with it, to Switzerland, and wouldn’t return it until the Youtuber paid him a million {dollars}.
After Coffeezilla interviewed CryptoZoo’s developer, it was revealed that Paul by no means paid the developer’s staff, which is why they stopped engaged on the challenge.
Furthermore, Logan Paul has come below hearth for utilizing Adobe Inventory photographs and photoshopping them into ‘artwork’ as a part of his CryptoZoo NFT challenge, regardless of Logan Paul and his staff’s claims that they’re “handcrafted artwork.”
Coffeezilla shared that because of Logan Paul’s affect, individuals spent tens of millions. The crypto analyst stated, “Folks purchased 2.5 million {dollars} value of eggs on the primary day, and the sport wasn’t even launched but.”
Coffeezilla referred to as Logan Paul’s supervisor Jeffrey Levin, who replied to the crypto investigator’s with a response saying, “no remark”. As per Coffeezilla, each Levin and Paul refused to current any proof, or give suggestions on the problems with CryptoZoo. Furthermore, Coffeezilla revealed that he was blocked by Logan Paul on social media.
