Quick take:
- The three YouTube videos branded the failed CryptoZoo project as “Logan Paul’s biggest scam”.
- According to Paul, Findeisen purposely omitted information that showed he was fully committed to the CryptoZoo project.
- Paul blames “several of the project’s trusted advisers who turned out to be conmen” for CryptoZoo’s failure.
Logan Paul has filed a defamation lawsuit against YouTuber Stephen Findeisen, popularly known as CoffeeZilla on YouTube.
Filed on June 27, the lawsuit claims that Findeisen “maliciously and repeatedly” made false statements that included three YouTube videos about Cryptozoo. The social media influencer turned professional wrestler claims purposely omitted information that showed he was fully committed to the CryptoZoo project.
“Paul brings this defamation suit to hold Findeisen accountable for his actions and to hold him liable for the immense harm that he has caused to Paul’s reputation through the intentional and reckless dissemination of defamatory falsehoods,” the filing states.
According to Paul, “several of the project’s trusted advisers who turned out to be conmen” are the ones to be blamed for CryptoZoo’s failure.
In December 2022, the CoffeeZilla YouTube channel released three videos branding the failed CryptoZoo project as “Logan Paul’s biggest scam”.
According to the filing, Findisen “perpetuated the false narrative that Paul scammed and defrauded his own fans in connection with the CryptoZoo project, despite “despite knowing it to be completely and utterly false, in order to enhance his own profile and increase his viewership and income in the process.”
The filing also claims that “Findeisen knew full well that Paul had never set out to scam anybody, but to the contrary had always intended to build a legitimate blockchain-based game.”
Paul instead blames Eduardo “Eddie” Ibanez, who he says “turned out to be a charlatan” after he found out that he lied about his credentials, while Jake Greenbaum, an adviser to the project is described as having been “more interested in trying to personally profit than in helping to create a legitimate project.”
Logan Paul now seeks damages in excess of $75,000 plus interest, with the social media influencer also expecting the defendant to cover all legal fees and additional damages and relief as determined by the court.
Earlier this year, Logan Paul announced he was buying back CryptoZoo NFTs on the condition that holders waived any potential claims against him. Paul offered 0.1 ETH for each eligible NFT as reported.
The lawsuit stated that he ended up spending $1 million in the CryptoZoo NFT buybacks between January and March, whilst earning nothing from the project.
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