Logan Paul has been threatened with legal action over the controversial CryptoZoo project, but according to one source, he wants to settle out-of-court by repaying victims 5-10% of what they lost.
Logan Paul began the infamous CrytpoZoo project in 2021. CryptoZoo was going to be a kind of Pokemon-like game that included NFTs as pets. He sold NFTs to gullible fans and promised them that their digital purchases would become valuable when the CryptoZoo game was released. However, CryptoZoo was never released.
As a result, those who had paid for the NFTs (and these chumps were spending thousands) filed a class-action lawsuit against Paul in early-2023. One source is now claiming that Logan Paul wants to settle, but apparently he's only offering victims a fraction of what they lost.
Logan Paul Offers CryptoZoo Victims "5-10%" Of Losses
YouTuber Kavos has been digging into the CryptoZoo story recently, and he's been connecting with sources close to the lawsuit. In a recent bombshell, Kavos revealed that Logan Paul is apparently trying to settle the lawsuit by paying back victims 5-10% of what they lost. And that's gone done as well as you would expect.
Per Kavos:
My reliable sources are telling me that Logan Paul’s best offer was 5-10% of the losses suffered by the CryptoZoo victims
An absolute disgrace…
So when you hear Logan saying he’s trying to “rectify” the situation. He’s really trying to get away with it for as little as possible.
Logan Paul is yet to release any public statement in response to this news. And, we won't hold our breath waiting for one.
Are you more of a Jake Paul fan these days? We wouldn't blame you.