Investigating Logan Paul's Biggest Scam
A video on YouTube. In Business & Money, a Krater category.
Watch on YouTubeSummary by Krater
An investigative deep dive into Logan Paul's failed crypto NFT game CryptoZoo, examining how investors lost hundreds of thousands of dollars due to false promises, unfulfilled development, and a web of fake identities.
From the video
Answers: What happened to Logan Paul's CryptoZoo?
- CryptoZoo
- Logan Paul
- NFT games
- Play-to-earn crypto games
- Cryptocurrency scam investigations
What it concludes
- Logan Paul and his team created Dink Doink, secretly tied to the project, and subsequently abandoned it after investors lost money.
- CryptoZoo's core mechanic of making money through animal breeding did not work on launch day and still does not work a year later.
- Half of CryptoZoo's token purchases took place with Ethereum, and those buyers could neither receive yields nor hatch their NFTs.
- CryptoZoo's smart contract is not original and is a copied fork of existing token codes like FlokiShib X.
- Multiple developers working on CryptoZoo were never paid for their work, including a lead developer who fled to Switzerland.
- Logan Paul blamed bad actors for ruining the CryptoZoo project rather than acknowledging his own failures or compensating victims.
Rate it, review it and add it to your lists in Krater.
Titles and thumbnails from YouTube. Krater isn't affiliated with, endorsed by or sponsored by YouTube or Google.