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Investors still waiting on $1.9M refund Logan Paul promised six months ago: CoffeeZilla

Press Releases Crypto News Cointelegraph Investors still waiting on $1.9M refund Logan Paul promised six months ago: CoffeeZilla

Investors in Logan Paul’s troubled NFT gaming project CryptoZoo are reportedly still waiting for any specific details on the 1000 Ether (ETH) refund (worth $1.93 million at current prices) that was promised back in January.

In a YouTube video posted on June 30, “internet detective” Coffezilla — the person who initially brought the project’s issues to light in December 2022 — asserted that Paul’s communication with the CryptoZoo community has dried up over recent months:

“It’s been six months, so here’s a follow-up. Logan Paul has not paid back his victims, he hasn’t talked about it since he first announced he was gonna pay them back. And what’s worst of all, he doesn’t seem to have a plan in place to refund anyone.”

“How do I know that? Well because I’ve been asking Logan for that plan to refund people, the entire time, behind the scenes,” he added.

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CryptoZoo was launched in September 2021, intending to be a NFT breeding game offering opportunities to earn ZOO tokens and NFTs, with Paul himself describing it as a “really fun game that makes you money.”

However, with lackluster NFT artwork that was seemingly ripped from Adobe Stock images, tanking NFT and ZOO token prices and an apparent failure to deliver on the roadmap, investors became disgruntled by late 2022.

After facing strong backlash from the community following Coffezilla’s series of expose videos on CryptoZoo, Paul ultimately announced a plan to refund investors on January 14, while also vowing to deliver on the project’s roadmap.

This however, didn’t stop CryptoZoo and Paul from being slapped with a class action lawsu

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Author: Brian Quarmby

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