LOGAN Paul has come under hot water recently for alleged shady practices surrounding his unfinished cryptocurrency game, CryptoZoo, which he disputes.
The game would introduce a new cryptocoin, and players would buy and sell eggs that would hatch into different animal-based NFTs, which could then be bred into new NFTs.
Logan Paul claims that he and his team invested over a million in the game, which has suffered from several road bumps.
Paul has explained that a developer, Zach Kelling, lied about the number of people working on the project, about not being paid, and then fled to Switzerland with the code.
Another founder, known as Jake ‘The Crypto King’, admits to having sold millions of dollars worth of coins, and was removed from the team.
However, Stephen ‘Coffeezilla’ Findeisen launched an investigative report that accuses Paul of several shady practices.
One is that the game never surfaced and that players could not hatch eggs as intended.
Another is the morally gray area of Paul marketing a game based on cryptocurrency to children, which Paul has been seen doing in numerous interviews.
The most damning claim is that Paul and the five founders stealth-launched the game roughly two months before telling his fans.
This allowed the team to purchase as much cryptocurrency as they wanted before launch, and inflate the value.
The group also had rules about when and how much Zoo coin they were allowed to sell to keep the value high.
Paul refutes the claim that the game doesn’t work. Despite some players saying that it is bugged, Paul has shown footage of others using CryptoZoo successfully.
He also claims that Findeisen’s work is “not anchored in truth” and “often speculative”.
Paul’s manager Jeffery Levin has said that the project is currently dealing with legal issues that prevent the team from speaking about the game.
Paul backed up this claim saying that he was “not cleared from legal” to speak about the legal process currently being undertaken.
He does claim that the development process is still ongoing, and while he is no longer publicly promoting CryptoZoo, he still intends to deliver the game as it was promised.
While Paul has promoted children playing the game, he says he discourages them from personally investing.
He does not deny the fact that his team purchased coins before publicly announcing the launch, but says that he and his manager never sold them.
Written by Georgina Young on behalf of GLHF.
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