- Logan Paul has launched a defamation lawsuit against Stephen Findeisen, also known as Coffeezilla, over videos related to Paul’s NFT project, CryptoZoo.
- The lawsuit was filed in the District Court in San Antonio, Texas, accusing Findeisen of damaging Paul’s reputation by labeling the CryptoZoo project as fraudulent.
- In response, Paul emphasizes that he always intended to build a blockchain-based game and accuses others for the project’s failures.
Logan Paul escalates his confrontation over CryptoZoo allegations, bringing forth a defamation suit to defend his reputation and project intentions.
NFT Sector Faces Ongoing Turmoil
Beginning in late 2022, Coffeezilla produced three YouTube videos about CryptoZoo, claiming it was “Logan Paul’s biggest scam.” These videos accused Paul of embezzling funds from NFT owners by failing to deliver on the project’s promises.
Paul, in his lawsuit, contends that Coffeezilla was aware that he did not intend to scam anyone, but was aiming to create a legitimate blockchain game.
Logan Paul’s Response to the Allegations
Paul attributes the project’s issues to his collaborators, Eduardo Eddie Ibanez and Jake Greenbaum. He claims he had contemplated suing Findeisen late in 2022 but opted to attempt a $1.5 million recovery plan for CryptoZoo instead.
Despite his efforts, when the plan failed, he expressed frustration, lamenting that he did not profit from the project and had spent $1 million between January and March to repurchase NFTs.
Conclusion
The defamation lawsuit against Coffeezilla marks another chapter in the troubled saga of CryptoZoo. As the NFT market continues to evolve, this case highlights the intricate challenges and disputes that can arise in this burgeoning sector. Investors and observers will need to monitor the outcome closely, as it may have broader implications for how NFT projects are perceived and managed.
