Crypto YouTuber Logan Paul Faces Lawsuit Over Alleged Rug Pull By CoinEdition
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Crypto YouTuber Logan Paul Faces Lawsuit Over Alleged Rug Pull- A case has been filed against CryptoZoo and Logan Paul for stealing crypto.
- The plaintiff contended that Paul and executives at CryptoZoo executed a rug pull.
- Previously, the YouTuber tweeted about a $1.5 million recovery plan for the victims.
Famous crypto Youtuber Logan Paul and CryptoZoo have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of crypto via a fraudulent venture.
Plaintiff Don Holland filed the complaint against Paul and other executives at CryptoZoo (CZ) on February 2 in a US District Court, alleging that they executed a rug pull by promising buyers of the non fungible tokens (NFTs) exclusive access to crypto assets along with other benefits. However, they abandoned the project and kept the money.
The lawsuit read in part:
[They] marketed CZ NFTs by falsely claiming that purchasers would receive benefits, rewards, and exclusive access to other crypto assets. Soon after completing the sale, the Defendants transferred millions of dollars worth of purchasers’ crypto to wallets controlled by Defendants.
Attorneys from Ellzey & Associates and Attorney Tom submitted the lawsuit in the District Court of the Western District of Texas.
The post Crypto YouTuber Logan Paul Faces Lawsuit Over Alleged Rug Pull appeared first on Coin Edition.
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Crypto YouTuber Logan Paul Faces Lawsuit Over Alleged Rug Pull- A case has been filed against CryptoZoo and Logan Paul for stealing crypto.
- The plaintiff contended that Paul and executives at CryptoZoo executed a rug pull.
- Previously, the YouTuber tweeted about a $1.5 million recovery plan for the victims.
Famous crypto Youtuber Logan Paul and CryptoZoo have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of crypto via a fraudulent venture.
Plaintiff Don Holland filed the complaint against Paul and other executives at CryptoZoo (CZ) on February 2 in a US District Court, alleging that they executed a rug pull by promising buyers of the non fungible tokens (NFTs) exclusive access to crypto assets along with other benefits. However, they abandoned the project and kept the money.
The lawsuit read in part:
[They] marketed CZ NFTs by falsely claiming that purchasers would receive benefits, rewards, and exclusive access to other crypto assets. Soon after completing the sale, the Defendants transferred millions of dollars worth of purchasers’ crypto to wallets controlled by Defendants.
Attorneys from Ellzey & Associates and Attorney Tom submitted the lawsuit in the District Court of the Western District of Texas.
The post Crypto YouTuber Logan Paul Faces Lawsuit Over Alleged Rug Pull appeared first on Coin Edition.
See original on CoinEdition
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