CryptoZoo (Logan Paul)

Note: Whether CryptoZoo constituted a "scam" is contested and the subject of active litigation. An investor class action against Logan Paul was dismissed, and Paul has sued over the "scam" characterization. This entry documents the controversy and outcomes, not a finding of guilt.

Summary

CryptoZoo was an NFT-based "play-to-earn" game promoted by YouTuber Logan Paul in 2021, in which players were to buy and hatch NFT "eggs" into hybrid-animal NFTs and earn ZOO tokens. The game never fully launched despite raising millions, drawing accusations that it was a scam. ^[1]

The controversy

In December 2022, investigator Coffeezilla (Stephen Findeisen) published a three-part exposé alleging the project was effectively a "rug pull" and that insiders sold tokens. Paul disputed the allegations but acknowledged the project was a "disaster" and that he had hired "conmen". ^[1]

Refunds and litigation

In 2023 Paul apologized and announced a refund/"rewards" program; a refund program later opened in 2024 for claimants who agreed not to sue. A 2023 investor class action was dismissed after a judge found insufficient evidence to hold Paul liable, and Paul filed a defamation suit against Findeisen over the "scam" characterization, which was proceeding through the courts. ^[2][3]

Bracketed numbers refer to the numbered sources listed below.