Logan Paul has not paid back his victims!” according to Coffeezilla. About 6 months ago, Logan promised that he would pay back all the people who invested in his crypto project called CryptoZoo, because he hasn’t delivered on almost anything he promised for this project. I rarely agree with Coffeezilla, because he has a tendency […]
In the bustling realm of NFTs (Non-Fungible Tokens), September 2021 marked the birth of a new entrant: CryptoZoo. Launched by Paul, this NFT-based game came with the bold claim of six months of diligent work behind its creation. But for all its initial hype, the game soon found itself mired in controversy, particularly for its use of stock images – a move that drew ridicule and skepticism from the online community.
Just over a year later, in December 2022, the game was thrust back into the spotlight, but for reasons far from flattering. Enter Coffeezilla, the YouTuber with a penchant for unmasking cryptocurrency scams. In a riveting three-part docuseries, he dissected CryptoZoo, unearthing unsettling revelations.
Coffeezilla's investigation brought to light claims that CryptoZoo had seemingly targeted children in its marketing campaigns, a strategy that raised more than a few eyebrows. Adding to the intrigue was the allegation that the game was discreetly launched months before its public announcement. Insiders suggest this was a calculated move, allowing the CryptoZoo team to amass significant amounts of cryptocurrency, thereby boosting its market value artificially.
In a bid to quell the rising tide of criticism, Paul released a video refuting Coffeezilla's findings. But rather than providing clarity, it only deepened the mystery as he sidestepped the specifics of the game's legal and developmental challenges. What's more, in a surprising twist, Paul subsequently removed this response video, leaving followers and critics alike in the dark.
Yet, the story doesn't end there. Amidst mounting pressure, Paul took to the digital ramparts of Twitter, issuing an apology and announcing a "rewards program" purportedly designed to reimburse CryptoZoo's NFT holders to the tune of $1.3 million. But as the weeks turned into months, those promises of reimbursement remain unfulfilled.
As the dust settles on the CryptoZoo saga, it serves as a stark reminder of the volatile and unpredictable landscape of NFTs and cryptocurrency. For investors and enthusiasts, it underscores the age-old adage: 'Caveat Emptor' – Let the buyer beware.