YouTuber: Logan Paul's NFT 'Game' Is A Big Crypto Scam - Yahoo Finance

YouTuber: Logan Paul’s NFT ‘Game’ Is A Big Crypto Scam – Yahoo Finance

An image of Logan Paul in his

A photo of Logan Paul in his “I’ll Never Fight Again” YouTube video clip from November 2022.

So, regarding them NFT eggs …

YouTuber and also net character Logan Paul has actually discovered himself with a large target on his temple just recently. Paul, that’s gotten on something of a redemption arc these last couple of years adhering to the “self-destruction woodland” farce in December 2017, is back in warm water after crypto detective Stephen “Coffeezilla” Findeisen released a three-part video clip collection considering CryptoZoo, a blockchain “video game” Paul when greatly advertised. There are simply 2 blazing troubles right here: The video game does not exist yet, as well as Paul’s a lot of ardent followers as well as very early financiers have actually shed thousands of countless bucks in the procedure of sustaining it.

Logan Paul, the older bro of fighter as well as media individuality Jake Paul, is a YouTuber that started developing material on Vine in the very early 2010 s prior to moving to Google’s video clip system as soon as Vine shuttered. He frequently publishes vlog-style video clips in which he uses audiences a voyeuristic check into his life and also the different wrongdoings he takes part in. While currently a debatable number throughout his very early web content development days, Paul really did not actually attract the net’s wrath till December 2017 when he shot a video clip in Japan’s Aokigahara Forest in which he and also participants of his team shot as well as connected with a carcass in a way numerous thought about unsavory and also improper. (Aokigahara has a track record for being a website of constant self-destructions.)

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This video clip as well as the succeeding response to it definitely tanked Paul’s profession for much of2018 Given that after that, Paul’s been refurbishing his picture as a media individuality and also expert wrestler, authorizing to WWE’s Raw while holding a YouTube podcast that flaunts over 4 million clients. Guy’s doing effectively for himself. He’s the net’s major personality once more following what shows up to be his participation in one of the most significant crypto frauds that has actually been revealed to day.


In a three-part video clip collection completing a little over a hr, Stephen “Coffeezilla” Findeisen– a YouTuber that “reveals frauds, defrauders, as well as phony experts that are victimizing determined individuals with misleading advertising and marketing”– considered CryptoZoo. What the heck is CryptoZoo? Well, as Paul describes it, it’s a “truly enjoyable video game that gains you cash.” According to the main web site, which states the video game is presently “undertaking upgrades to the core facilities of the environment,” CryptoZoo is an “self-governing community that permits ZooKeepers to get, market, and also trade unique pets and also crossbreeds.” Generally, it’s an NFT video game in which gamers acquire zoo coins, CryptoZoo’s in-game money, to get egg NFTs that are hatched out to come to be pets. When hatched out, you after that reproduce those pets with each other to make crossbreeds as well as the rarer the crossbreed, the greater the everyday return of zoo coins. Money those out as well as boom, you’re drawing in cash. Simply put, it’s structured to function like easy earnings.

Unfortunately, this “play-to-earn” NFT video game full of hand-made art– as Paul suches as to greatly highlight on his podcast Impaulsive— has actually never ever yet been usable, in spite of allowing individuals sink lots of cash right into it. Coffeezilla uncovered that, given that CryptoZoo’s intro in 2021, Paul stans have actually invested some $2.5 million on eggs alone, with the coin itself escalating to a market cap of about $2 billion. Some people Coffeezilla spoke to spent 10s, occasionally thousands of countless bucks on CryptoZoo due to the fact that they thought Paul was a “altered male” and also he was producing a “refuge” for the everyperson to buy cryptocurrency. Ends up they were incorrect, at the very least on the 2nd component, due to the fact that currently those individuals are out hundreds of bucks.


Rob, or Helicopter Bob, among the targets Coffeezilla video-chatted with, claimed he shed “simply under $7,000 with CryptoZoo.” Helicopter Bob clarified that the easy earnings, the job’s core auto mechanic, “never ever did [work] from the get go as well as had not been also created right into the agreement where it revealed you were really producing with Zoo.” He took place to state that “there was no chance to declare your return [and] there never ever was.” Essentially, individuals were placing cash right into a system that was giving no returns.

Worse yet, as an unrevealed individual informed Coffeezilla in a different video clip telephone call, those that purchased CryptoZoo could not also hatch out the eggs they got. “It’s simply an image,” the individual stated concerning the eggs. “There’s absolutely nothing I can do with it. It’s primarily worth absolutely nothing whatsoever.” You’ve obtained diehard Paul followers wanting to play a nonfunctioning video game and also shedding cash in the procedure. A video game, mind you, that still does not function to today.


In Coffeezilla’s video clips, we listen to Paul describe particular problems with CryptoZoo’s advancement. Especially, he claims a “programmer ran away to Switzerland” with the resource code and also held it captive for $1 million, and also this is why the video game’s been damaged. This designer, that Coffeezilla talked to in the program of his examination, declares that he had not been paid at all for his job on CryptoZoo, in spite of bringing on a group of 30 designers and also melting $50,000 a week to develop the NFT job. One more CryptoZoo designer Coffeezilla talked with affirmed the case, claiming he likewise had not been paid in any way. Not just were Paul’s followers discovering openings in their pocketbooks after buying CryptoZoo, yet it shows up that individuals working with the job weren’t also being paid effectively or on schedule.

Kotaku connected to Findeisen as well as Paul for remark.

Paul, for his component, has actually stated that the record is “just not real” which, “when proper, all criminals will certainly be subjected, clarified, & held completely liable,” assuring even more information in his January 3 podcast. On December 26, Paul openly welcomed Coffeezilla to show up on the Impaulsive podcast to hash whatever out, though Coffeezilla reacted by stating that he would certainly currently welcomed Paul onto his program the day previously. It stays to be seen whether anything will certainly pertain to fulfillment from these exchanges.

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