YouTuber Logan Paul and CryptoZoo have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser's cryptocurrency via a "fraudulent venture." In a court filing on Feb. 2 in the District Court of the Western District of Texas, plaintiff Don Holland alleged that Paul and executives at CryptoZoo “executed a ‘rug pull’” by promising purchasers of the nonfungible tokens (NFTs) exclusive access to crypto assets among other benefits but ultimately abandoned the project and kept the funds. "As part of Defendants’ NFT scheme, Defendants marketed CZ NFTs to purchasers by falsely claiming that, in exchange for transferring cryptocurrency to purchase the CZ NFT, purchasers would later receive benefits, including, among other things, rewards, exclusive access to other cryptocurrency assets, and the support of an online ecosystem to use and market CZ NFTs," it wrote. "In reality, soon after completing the sale of all their CZ NFTs, Defendants, together with others [...] transferred millions of dollars’ worth of purchasers’ cryptocurrency to, among other places, wallets controlled by Defendants," it alleged. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #loganpaul #loganpauledits #loganpaulvlogs #loganpaulfanpage #loganpaulvsksi #cryptoworldpage #loganpauledit #loganpaulisoverparty #loganpaulfanfic #nftnews #cryptozoo #nfts #nft https://www.instagram.com/p/CoME98aII3v/?igshid=NGJjMDIxMWI=
