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Logan Paul’s NFT recreation ‘CryptoZoo’ is at present embroiled in controversy following a three-part sequence by investigative YouTuber, Coffeezilla (actual title Stephen Findeisen).

Since 17 December, Findeisen has uploaded a three-part sequence on Logan Paul’s rip-off blockchain recreation, CryptoZoo. The sequence dismantles the controversial NFT recreation and spotlights the numerous buyers who’ve misplaced tens of millions within the apparently defunct mission. 

The video sequence at present has a mixed view rely of 13.2 million. 

This just isn’t Coffeezilla’s investigation into crypto scams. Stephen Findeisen is an internet sleuth and YouTuber who focuses on uncovering scams and fraudsters. Over the previous few years, he has been specializing in uncovering scams within the blockchain and NFT house. His channel description has a nugget of knowledge that summarizes his common ethos. “If you have to ask… it’s probably too good to be true.” At the time of writing, his channel has over 2.1 million subscribers. 

His work has earned him a profile within the prestigious New Yorker journal, which painted him as one thing of an unsung hero poking round within the darker facet of crypto and NFTs. A video sequence on the Save the Kids token is widely known as his transition to a extra severe, investigative type of content material. Videos by Findeisen unfold the phrase concerning the pump-and-dump scheme, finally dooming it.

As of Tuesday, 27 December (UTC), each Findeisen and Paul have invited one another onto their respective reveals to debate the controversy.

What Is CryptoZoo?

Logan Paul’s CryptoZoo was billed as an NFT-based recreation the place gamers may earn passive earnings. The thought for the mission first appeared in an episode of Paul’s Impaulsive podcast. According to Paul, the crew behind the mission had spent six months making “handmade” animal-based NFTs. 

It was Paul’s intention to lift a million {dollars} to create the sport and NFTs. Players may buy NFT “eggs” of the animals, which may very well be “bred” and minted to create distinctive NFTs on the recreation’s launch. To purchase the eggs, gamers needed to buy the sport’s ZOO token

NFT eggs price $2.5 million had been bought on the time of launch. However, by October, ZOO had misplaced nearly all of its worth. Its value has solely dropped since.

The YouTube influencer has beforehand blamed the sport’s developer for its obvious implosion. According to Paul, the developer created a code after which absconded to Switzerland. The developer apparently wouldn’t return the code until Paul paid him a million {dollars}. The mission’s developer disputes this and maintains that he was by no means paid.

CryptoZoo was as a consequence of launch in September 2021, however as of at the moment, the mission does not exist. The web site at present says “is undergoing upgrades to the core infrastructure of the ecosystem.” 

The website at present says that it’s “still under construction and would be undergoing upgrades to the main infrastructure of the ecosystem.” The mission’s official Twitter profile has posted nothing since 28 May.

Logan additionally seems to have eliminated all references to the mission from his YouTube channel.

This Isn’t Logan Paul’s First Crypto Scam

Logan Paul beforehand tried to pump Dink Doink (DINK), a meme coin that he implied he had no involvement in. It subsequently got here out that Paul had helped create the “character.” In a video and tweet, he described the mission as “the dumbest, most ridiculous shitcoin I’ve ever seen. And that’s why I’m all in.”

According to CoinGecko, there’s 100 quintillion DINK in the marketplace, with every price lower than one trillionth of a cent. Effectively making them completely nugatory.