Logan Paul Sues Coffeezilla for CryptoZoo Defamation Claims

by | Jun 28, 2024 | Latest News | 0 comments

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Influencer Logan Paul has filed a defamation lawsuit against YouTuber Stephen Findeisen, better known as “Coffeezilla,” over videos that accused Paul of scamming his fans with his failed CryptoZoo non-fungible token (NFT) project. The lawsuit, filed on June 27 in a San Antonio, Texas District Court, alleges that Findeisen “maliciously and repeatedly” published false statements about Paul’s involvement in the troubled blockchain project.

The Allegations

According to the lawsuit, Findeisen’s videos, which began appearing in late 2022, accused Paul of operating a scam through CryptoZoo, a project that promised NFT holders unique digital assets and potential earnings. The suit claims these videos significantly damaged Paul’s reputation by spreading “defamatory falsehoods” and portraying him as a fraudster.

“Paul brings this defamation suit to hold Findeisen accountable for his actions and to hold him liable for the immense harm that he has caused to Paul’s reputation through the intentional and reckless dissemination of defamatory falsehoods,” the filing states.

Coffeezilla’s Accusations

In his series of three videos, Coffeezilla called CryptoZoo “Logan Paul’s biggest scam,” alleging that Paul defrauded his fans by failing to deliver on the project’s promises while keeping their money. These videos garnered substantial attention, with many viewers expressing outrage and disappointment over the apparent scam.

Logan Paul’s Defense

Logan Paul, however, contends that Coffeezilla’s portrayal is not only inaccurate but also purposefully misleading. According to Paul, he was “deeply committed” to the success of CryptoZoo and was deceived by several of the project’s trusted advisers, whom he now describes as conmen. The lawsuit specifically mentions Eduardo “Eddie” Ibanez and Jake Greenbaum, who Paul claims misled him and derailed the project.

Paul argues that Coffeezilla omitted crucial information in his videos that would have shown Paul’s genuine efforts to make CryptoZoo a success.

The Blame Game

Paul points fingers at Eduardo Ibanez, accusing him of lying about his credentials and ultimately sabotaging the project. He also blames Jake Greenbaum, an adviser who Paul claims was more interested in personal profit than in helping to create a legitimate project. Cointelegraph reached out to Ibanez and Greenbaum for comments, but neither has responded.

Previous Defamation Threats

Interestingly, this is not the first time Paul has considered legal action against Coffeezilla. In late 2022, Paul threatened to sue Findeisen but decided to stand down to focus on making amends with a $1.5 million recovery plan for CryptoZoo. However, despite his efforts, Paul claims he was “left disappointed” when his attempts to rectify the situation “failed to materialize.” Between January and March, Paul allegedly invested $1 million to repurchase the NFTs, even though he had not “earned any profits from the project at all.”

Logan Paul is seeking damages in excess of $75,000, plus interest and lawyer fees. He is also requesting additional damages and relief as determined by the court. This lawsuit represents Paul’s effort to clear his name and hold Coffeezilla accountable for what he claims are false and damaging statements.

CryptoZoo’s Promises and Failures

Launched in 2021, CryptoZoo was conceived as a game in which players could purchase NFT “eggs” using the game’s token, ZOO. These eggs would hatch into animals that could be bred to create hybrid creatures, which players could then trade. The rarity of these animals was supposed to determine their value, earning players more ZOO tokens. Despite its ambitious promises, the project failed to deliver, leaving many investors disappointed.

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