Meanwhile, Paul has threatened to sue the blockchain investigator.
Logan Paul has been at the receiving end of seemingly endless controversies since his career took off as a media star. His two-year-old NFT venture – Crypto Zoo – is now under intense scrutiny.
Crypto Zoo was launched in 2021 on Binance Smart Chain. To play the game, all users had to do was buy “eggs” that hatch into hybrid animals. People reportedly purchased nearly $2.5 million worth of eggs even before it was launched. In fact, its native ZOO token skyrocketed in value, reaching over a $2 billion market cap pre-launch.
Findeisen alleged that the founding team, including Paul, did not spend $1 million in developing the game but instead copy-pasted a code from FlokiShibX and claimed it as their own. CryptoZoo investors also claimed having failed to hatch the eggs they had purchased and described them as “just a picture” that is “basically worth nothing whatsoever.”The credibility of the entire series has been plucked and debated by the community members. But, for the most part, Paul himself opted to remain silent. Earlier this week, the American media personality finally broke his silence and uploaded his response to the investigation, saying he would “defend himself with facts.
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