Investors still waiting for $1.9M refund that Logan Paul promised six months ago: Coffeezilla

Investors in Logan Paul’s beleaguered 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 in January.

in a youtube video Posted On June 30, “Internet spy” Coffezilla – the person who initially brought the project’s issues to light in December 2022 – claimed that Paul’s communication with the Cryptozoo community has ceased in recent months:

“It’s been six months, so here’s a follow-up. Logan Paul hasn’t paid his victims, he hasn’t talked about it since he first announced he would pay them. And the worst part is that he has no plans to return the money to anyone.

“How would I know? Well, because I’ve been asking Logan the whole time, behind the scenes, about his plan to return the money to the people,” he continued.

Launched in September 2021, CryptoZoo aims to be an NFT breeding game that offers opportunities to earn Zoo Tokens and NFTs with Paul. Description of It’s a “really fun game that earns you money.”

However, due to faded NFT artwork that appears to be Adobe Stock Images, a drop in NFT and ZOO token prices, and an apparent failure to deliver on the roadmap, investors are left unsatisfied by the end of 2022.

After facing strong backlash from the community following Coffeezilla’s series of exposé videos on Cryptozoo, Paul finally announced plans to return funds to investors on January 14, while also vowing to complete the project’s roadmap.

However, that didn’t stop Cryptozoo and Paul from launching a class action lawsuit the following month.

My 3-Step Plan for CryptoZoo, Including a $1.3M Rewards Program for Frustrated Players.

Thank you, @coffeebreak_YT pic.twitter.com/xFX017UHoc

— Logan Paul (@LoganPaul) 13 January 2023

In the latest video on Coffeezilla, he shared screenshots of email communications with Paul’s attorney, Jeffrey Niemann of MNR Law Firm, suggesting a concrete plan has yet to be established.

“We represent Logan Paul. Mr. Paul has informed us about your outreach regarding the status of the Cryptozoo egg buyback. Mr. Paul is committed to the process. We are working with Mr. Paul to evaluate the best way to achieve this goal,” the email read.

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Coffeezilla took issue with this statement, as he highlighted the simplicity of paying blockchain developers to write code immediately for the refund process, while also noting that Paul is apparently wealthy enough to make investors whole. Are.

“Then you’re still at the whiteboard? Guys, that’s a statement you make when you don’t have a plan, or you’re stalling, (…) I mean Logan was right there in January, he was evaluating.

“May I take it that even after six months you guys haven’t found out?” He added.

Logan Paul is exactly the type of person who thanks you when you expose your scam, and blocks you when you remind him to pay. pic.twitter.com/wI1o3ilD5S

— Coffeezilla (@coffeebreak_YT) 30 June 2023

At the time of writing Paul has not yet posted a response on YouTube or Twitter.

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