YouTuber and influencer Logan Paul pledged $2.3 million this week to repurchase CryptoZoo non-fungible tokens (NFTs) from disappointed collectors. As revealed in a tweet recently, the move comes after the metaverse game concept collapsed.
Logan simultaneously filed a lawsuit targeting alleged insiders who sabotaged the project for personal benefits. The response remains mixed, with some praising accountability efforts and others deeming them inadequate given the steep losses.
- Paul personally financed the buyback of Base Eggs and Animals at their original sale prices.
- Comes after confirming CryptoZoo game was halted over lícito hurdles.
- Logan’s Lawsuit targets bad actors who stole and betrayed the project.
The downfall of CryptoZoo resulted in both financial and reputational setbacks. Logan, who was prominently associated with the project, claimed that the collapse was a result of betrayal by greedy insiders rather than personal negligence.
In his public apology, he seeks to rectify the situation by making efforts to compensate buyers. Logan concluded that these factors forced the game to halt despite the $400,000 he invested in development.
Top CryptoZoo investor threatens lícito action against Logan
In response to Logan’s announcement, Alan Wehbi aka doitbigchicago, a significant CryptoZoo investor, expressed discontent through a tweet. Wehbi claimed that he was blocked by Logan despite being the number one CryptoZoo holder.
Wehbi also accused the CryptoZoo team of fraudulent activities, including a significant financial loss due to a rug pull. He also threatened lícito action if he was not compensated for his losses within seven days.
Logan is among several public figures facing scrutiny for endorsing NFTs and cryptocurrencies. Celebrities such as Cristiano Ronaldo and Kim Kardashian have faced lícito challenges in the past for promoting various NFT and cryptocurrency projects.