Logan Paul Finally Pays Back the Victims of CryptoZoo Disaster But Not Everyone Might Get Their Money Back
Famous YouTuber and WWE fighter, Logan Paul never fails to divert the media attention towards himself. Whether it’s an online verbal spat or inviting his fans to invest in Cryptocurrency, the 28-year-old American social media influencer has mastered the art of making headlines. Logan Paul had found himself in a swirl of legal mess with respect to his crypto project, CryptoZoo in 2021.
Read Also: Logan Paul’s “Illegal Operation” Got Him Kicked Out of The Iconic Yosemite Park on His 23rd Birthday
After the massive failure of Logan Paul-led CryptoZoo, he has finally decided to pay back the victims of the much-hyped Cryptocurrency game, but with a condition.
Logan Paul Pays Back To The Victims Of CryptoZoo Disaster
Logan Paul has come up with good news for the CryptoZoo investors, but looking at his long post on social media it seems not everyone would be subjected to a refund. The reputed WWE star took to X and posted a message acknowledging the CryptoZoo disaster. However, he has kept a condition for the buy-back policy which implies only for the people who had intended to play. Logan Paul clearly stated that no compensation would be provided to the ones who gambled on the Crypto market and lost it.
The post mentioned-
“Today, I am incredibly happy to announce that I am delivering on my promise to buy back Base Egg and Base Animal CryptoZoo NFTs for their original purchase price. This buy-back program is being carried out at EGGNFTBUYBACK.COM”
The post further read as
“Claims can be submitted through this site through February 8. I approached the CryptoZoo project like everything else I am passionate about – with only the best possible intentions and success for everyone who shared our vision. I never made a single penny from the project, period. In fact, the opposite is true, because I spent hundreds of thousands of dollars trying to make it happen. With this buy-back program, I am personally committing more than $2.3 million to buy back Base Eggs and Base Animals from every person who intends to play CryptoZoo. Like you, I was highly disappointed that the game was not delivered. “
Today, I am incredibly happy to announce that I am delivering on my promise to buy back Base Egg and Base Animal CryptoZoo NFTs for their original purchase price. This buy-back program is being carried out at https://t.co/XIQzLAGKiG. Claims can be submitted through this site… pic.twitter.com/VMPDHvdXkq
— Logan Paul (@LoganPaul) January 4, 2024
He clearly spoke about the condition for the buy-back policy in the post, which mentioned-
“This buy-back is a way for me to make whole those who intended to play CryptoZoo. The buy-back is not intended to compensate those who gambled on the crypto market and lost. It’s important to remember that the Zoo Token was created to support the CryptoZoo game and its players; it was “not intended as an investment vehicle,” as outlined in the original WhitePaper.”
Everything You Need To Know About Logan Paul’s CryptoZoo Disaster
Logan Paul discussed CryptoZoo in 2021 in his podcast Impaulsive. According to the YouTube star he had spent around one million dollars on the development of the Crypto game and had a qualified team working behind the project. In a now-deleted segment on CryptoZoo’s website, which previously mentioned-
“an autonomous ecosystem that allows ZooKeepers to buy, sell, and trade exotic animals and hybrids. CryptoZoo incorporates cryptocurrency and Non-Fungible Tokens (NFTs) into a simple, fun game with familiar mechanics”.
Read Also: Logan Paul vs Jake Paul Net Worth Comparison: Which Paul Brother is Richer?
According to the CrytoZoo project, images of cartoon eggs were sold as NFTs, with the condition that collectors would be able to hatch them into randomly chosen animal images. Collectors could easily breed their animal images in order to create hybrid species and secure coins in the form of cryptocurrency called $ZOO. The project failed on a massive scale and even affected the public image of Logan Paul adversely.
Source: X/ Impaulsive
