Influencer Logan Paul on Thursday filed a defamation lawsuit in opposition to Stephen Findeisen, who goes by the title “Coffeezilla” on YouTube, over movies he created about Paul’s failed CryptoZoo non-fungible token (NFT) challenge in 2022.
The June 27 lawsuit, filed in U.S. District Courtroom in San Antonio, Texas, alleged that Findeisen “maliciously and repeatedly [published] false statements accusing Paul of fraud in reference to a troubled blockchain challenge referred to as CryptoZoo.”
“Paul is bringing this defamation motion to carry Findeisen accountable for his actions and for the large harm he has triggered to Paul’s status by means of the willful and reckless dissemination of defamatory falsehoods,” the assertion mentioned.
Beginning in late 2022, Coffeezilla launched three YouTube movies on CryptoZoo, calling it “Logan Paul’s greatest rip-off ever” — and accusing the influencer of defrauding his followers by protecting NFT holders’ cash with out fulfilling the remainder of the promised challenge.
However Paul alleges that Coffeezilla intentionally omitted info from his movies that proved that Paul was “deeply dedicated” to CryptoZoo’s success however was “duped by a number of trusted advisors to the challenge who turned out to be frauds.” The paperwork add:
“Findeisen knew very properly that Paul by no means supposed to cheat anybody, however quite the opposite, he all the time supposed to create a legit blockchain-based recreation.”
As a substitute, Paul locations the blame for the challenge on Eduardo “Eddie” Ibanez, who he says “turned out to be a charlatan” who lied about his credentials, and Jake Greenbaum, an adviser who was “extra involved in making an attempt to make private good points than in helps create a legit challenge.”
Cointelegraph has contacted Ibanez and Greenbaum for remark. Findeisen couldn’t be reached for remark.
Logan Paul as soon as dropped his defamation threats in opposition to Coffeezilla
Paul mentioned he thought of suing Findeisen in late 2022, however later backed out to give attention to “making an attempt to make issues proper” with CryptoZoo’s $1.5 million compensation plan.
He was later “upset” when his efforts “did not materialize” and spent $1 million shopping for again NFTs between January and March, regardless of not “making any cash on the challenge,” the go well with says.
Paul is in search of damages in extra of $75,000 plus curiosity and lawyer’s charges, plus extra damages and compensatory damages as decided by the court docket.
On the subject: YouTuber Logan Paul claims CryptoZoo is “not a rip-off” in a brand new documentary
CryptoZoo first got here out in 2021 and was alleged to be a recreation the place gamers purchase NFT “eggs” utilizing the ZOO recreation token. Eggs “hatch” animals that may be bred to create hybrid animals that may be traded and earn gamers extra ZOO Tokens based mostly on their rarity.
In line with CoinMarketCap, the ZOO token is definitely down 100%, with a market cap of zero and 1 cent over the previous day.
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