Logan Paul, the popular YouTuber-turned-entrepreneur, is facing mounting criticism for delaying the promised refund to investors in his troubled NFT gaming project, CryptoZoo. Investors are still eagerly awaiting the refund of 1000 Ether (ETH), equivalent to $1.93 million at current prices.
CryptoZoo was launched in September 2021 as an NFT breeding game that offered opportunities to earn ZOO tokens and NFTs. However, investors grew increasingly dissatisfied with lackluster NFT artwork and declining token prices by late 2022.
As a result, in January, facing mounting criticism and a class-action lawsuit, Paul announced a plan to refund investors and pledged to deliver on the project’s roadmap. However, according to Coffeezilla, a popular YouTuber known for his investigative work, no concrete plan has been established yet.
Coffeezilla’s Investigation
Coffeezilla has been actively seeking a refund plan from Paul behind the scenes but to no avail. In his latest video, he featured screenshots of email communications with Paul’s lawyer, Jeffrey Neiman of the MNR Law Firm. The email response from Paul’s lawyer stated:
We are working with Mr. Paul to evaluate the best way to achieve this goal.
Coffeezilla’s Skepticisim
Coffeezilla expressed skepticism about Paul’s commitment to refunding investors. He pointed out the simplicity of paying blockchain developers to promptly write the code for the refund process. Moreover, given Paul’s wealth, it is reasonable to expect that he should be able to make investors whole without significant financial implications.
Paul’s Silence
Despite the mounting pressure, Paul has yet to respond on YouTube or Twitter at the time of writing. Nevertheless, investors are left in limbo, awaiting a resolution and hoping that Paul will fulfill his promises.
The ongoing delay in providing the promised refund to CryptoZoo investors has only deepened the frustration surrounding Logan Paul’s handling of the situation. With Coffeezilla continuing to expose the lack of progress and investors eagerly waiting for updates, the future of the CryptoZoo project and its stakeholders remains to be determined.
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