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Logan Paul Launches CryptoZoo NFT Buyback and Files Countersuit Against Co-Creators

The influencer commits over $2.3 million to refund investors, while alleging sabotage and 'nefarious trading activity' by co-creators Eduardo Ibanez and Jake Greenbaum.

COLUMBUS, OHIO - MARCH 05: Logan Paul speaks to fans during the Slap Fighting Championships at the Arnold Sports Festival in Columbus Convention Center on March 05, 2022 in Columbus, Ohio. (Photo by Gaelen Morse/Getty Images)
Logan Paul CryptoZoo
Logan Paul visits "Varney & Co." at Fox Business Network Studios on Nov. 10, 2023 in New York City.
logan-paul-hits-back-prime-energy-concerns

Overview

  • Logan Paul, the influencer behind the failed CryptoZoo NFT game, has launched a buyback program, committing more than $2.3 million to refund investors who purchased 'Base Egg' and 'Base Animal' NFTs.
  • Paul has also filed a countersuit against two co-creators of the project, Eduardo Ibanez and Jake Greenbaum, alleging they sabotaged the game and engaged in 'nefarious trading activity'.
  • The buyback program requires claimants to waive any 'actual or anticipated claims against Paul', effectively preventing them from taking legal action against him in relation to CryptoZoo.
  • Paul's countersuit claims that while he lost 'hundreds of thousands of dollars', Ibanez and Greenbaum pocketed 'millions'.
  • The CryptoZoo game, which was never completed, is now officially dead, with Paul stating that releasing it was unfeasible due to regulatory hurdles.