American media personality, professional wrestler, and actor Logan Paul is one of the defendants in a class action lawsuit filed against failed non-fungible token (NFT) project CryptoZoo.
The class action, filed by police officer Don Holland on behalf of 20,000 other victims, alleges that Paul and other defendants executed a rug pull after manipulating the price of CryptoZoo’s native token (ZOO).
Logan Paul Sued for Defrauding CryptoZoo Investors
According to the document, the complaint was filed in the United States District Court for the Western District of Texas on Thursday. Other defendants mentioned include Danielle Strobel, Jeffrey Levin, Jake Greenbaum, known as Crypto King, Eduardo Ibanez, and Ophir Bentov, known as Ben Roth.
The complaint comes shortly after famous internet journalist Stephen Findeisen, known as Coffeezilla, claimed the CryptoZoo project was fraudulent in a three-part series on YouTube.
CryptoZoo was launched in 2021 as an NFT gaming project, with Paul as one of its founders. The project was promoted using Paul’s online platforms as…