Logan Paul and CryptoZoo have been named as defendants in a class action lawsuit filed in Texas, with plaintiffs represented by YouTuber and lawyer known as 'Attorney Tom.'
CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser's cryptocurrency via a"fraudulent venture."
In a court filing on Feb. 2 in the District Court of the Western District of Texas, plaintiff Don Hollandthat Paul and executives at CryptoZoo"executed a 'rug pull'" by promising purchasers of the nonfungible tokens exclusive access to crypto assets among other benefits but ultimately abandoned the project and kept the funds.
"As part of Defendants’ NFT scheme, Defendants marketed CZ NFTs to purchasers by falsely claiming that, in exchange for transferring cryptocurrency to purchase the CZ NFT, purchasers would later receive benefits, including, among other things, rewards, exclusive access to other cryptocurrency assets, and the support of an online ecosystem to use and market CZ NFTs," it wrote.
We have officially filed a class action lawsuit in the Western District of Texas against Logan Paul et al. for the CryptoZoo fiasco.
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