Cryptocurrency
<i>Holland v. CryptoZoo, Inc.</i>
Primary Source ↗Blockchain(s)
Ethereum
Incident Details
Logan Paul is now facing a class action lawsuit over his CryptoZoo project, a planned NFT game that Paul apparently lost interest in and abandoned — after profiting handsomely, of course, off his fans who put millions into the project.Scam sleuth CoffeeZilla dug into the project in a multipart YouTube series recently, drawing legal threats from Paul. After plenty of negative publicity, Paul withdrew the legal threats and promised to develop a refund plan for some of the funds that were invested, though it is a small fraction of the money lost in the project.Rather than wait to see if Paul comes through with refunding only a small portion of their money, a group has formed a class action lawsuit against Paul and others who helped with the project. The lead plaintiff put a total of around $3,000 into the project altogether.The suit accuses Paul and his team of a whole host of charges including fraud, breach of contract, unjust enrichment, deceptive trade practices, negligence, and fraudulent misrepresentation.
Technical Details
- Initial Attack Vector
- Regulatory / legal action
- Vendor / Product
- Logan Paul slapped with a class action over CryptoZoo rugpull
Timeline
- 2023-02-03 Breach occurred
- 2023-02-03 Publicly disclosed