Social media influencer Logan Paul has announced to his millions of followers his commitment to personally reimburse the victims of the failed NFT project CryptoZoo, which he launched and endorsed.
“Today I am incredibly pleased to announce that I am making good on my commitment to repurchase Base Egg and Base Animal CryptoZoo NFTs at their original purchase price,” said Paul.
Logan Paul takes CryptoZoo’s affairs into his own hands
In a lengthy post on
“With this buyback program, I am personally committing more than $2.3 million to buy back Base Eggs and Base Animals from anyone who planned to play CryptoZoo.”
However, Paul takes responsibility for paying back the victims. Although his promotions have reportedly attracted many, he claims that malicious individuals have sabotaged the project.
“As I said a year ago, CryptoZoo was derailed by bad actors. Bad actors who DID steal money and betrayed our team while sabotaging the game internally.
CryptoZoo emerged as a promising venture
Meanwhile, in 2021, armed with a massive online audience of 4 million subscribers, Paul threw his support behind CryptoZoo.
The platform was portrayed as a tempting game with profitable potential. It even drew parallels with iconic brands like Pokémon in its promotional talk.
However, the storyline took a turn when YouTuber CoffeeZilla unveiled a three-part series criticizing the CryptoZoo venture. The investigation revealed concerns about CryptoZoo’s business model.
Furthermore, the game enticed players to purchase in-game currency, ultimately resulting in unfulfilled promises and unrecovered investments.