Logan Paul Will Compensate Victims Who Purchased CryptoZoo NFTs

Logan Paul, famous star and one of the founders of the game CryptoZoo, has just announced that he will buy back CryptoZoo NFTs from the fan community.

Logan Paul Will Compensate Victims Who Purchased Cryptozoo Nfts_65b9791c03f96.webp

Logan Paul will compensate victims who purchased CryptoZoo NFTs

In a new announcement on platform on buying NFTs of the CryptoZoo game he co-founded. Notably, this game project has never been released, despite being strongly promoted for more than 2 years.

Specifically, famous youtuber Logan Paul plans to spend over 2.3 million USD to buy back Base Eggs and Base Animals NFTs of the game CryptoZoo that he co-founded. Holders of these NFTs are required to fill out the form on EGGNFTBUYBACK.COM by the February 1 deadline.

logan paul will compensate victims who purchased cryptozoo nfts 65b9791c06b3c

To receive compensation, buyers must agree to waive any claims or bad faith against Logan Paul, in connection with a February 2023 class action lawsuit alleging fraud and deceit. Logan Paul has denied these allegations and the payback appears to be an attempt to prove his “innocence”.

In the announcement, Logan Paul also shared that he has filed a lawsuit against the other two co-founders of CryptoZoo. Part of the reason is because they took advantage of his name to make profit, and built the project from scratch but then tried to appropriate the money and disappear.

Logan Paul wrote:

I have filed a lawsuit in federal court in Texas to hold these bad actors accountable. This lawsuit is the result of a comprehensive investigation, including a review of entire conversations and monitoring of illicit transaction activities related to the project.

Related: Bitcoin Surpasses Ethereum in Latest NFT Sales

Regarding the future of CryptoZoo, Logan Paul stated that the game will not be released, because “there are too many legal hurdles”. He also revealed that he spent $400,000 from his own pocket to develop CryptoZoo, but realized that what he gained were “hard” lessons about the cryptocurrency market.

(100 votes)

5.0/5

(100 votes)

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338