Crypto YouTuber Logan Paul Faces Lawsuit Over Alleged Rug Pull

• A case has been filed towards CryptoZoo and Logan Paul for stealing crypto.
• The plaintiff contended that Paul and executives at CryptoZoo executed a rug pull.
• Beforehand, the YouTuber tweeted a few $1.5 million restoration plan for the victims.

Well-known crypto Youtuber Logan Paul and CryptoZoo have been named as defendants in a newly filed class-action lawsuit, which alleges they stole thousands and thousands of {dollars} value of crypto through a fraudulent enterprise.

Plaintiff Don Holland filed the criticism towards Paul and different executives at CryptoZoo (CZ) on February 2 in a US District Courtroom, alleging that they executed a rug pull by promising patrons of the non fungible tokens (NFTs) unique entry to crypto property together with different advantages. Nonetheless, they deserted the challenge and saved the cash.

The lawsuit learn partly:

[They] marketed CZ NFTs by falsely claiming that purchasers would obtain advantages, rewards, and unique entry to different crypto property. Quickly after finishing the sale, the Defendants transferred thousands and thousands of {dollars} value of purchasers’ crypto to wallets managed by Defendants.

Attorneys from Ellzey & Associates and Lawyer Tom submitted the lawsuit within the District Courtroom of the Western District of Texas.

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