Logan Paul and CryptoZoo hit with lawsuit as investors take action By Cointelegraph

CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole hundreds of thousands of {dollars} price of purchaser’s cryptocurrency by way of a “fraudulent enterprise.”

In a courtroom submitting on Feb. 2 within the District Court docket of the Western District of Texas, plaintiff Don Holland alleged that Paul and executives at CryptoZoo (CZ) “executed a ‘rug pull’” by promising purchasers of the nonfungible tokens (NFTs) unique entry to crypto belongings amongst different advantages, however in the end deserted the venture and saved the funds.