Logan Paul has not been happy with what he has used YouTube for, the same platform he started on before deciding to pursue a career in wrestling, Coffeezilla. Because this popular youtuberwith more than three and a half million subscribers, thoroughly investigated Paul’s CryptoZoo project.
Logan sued Coffeezilla, whose real name is Stephen Findeisen, and his production company for defamation this past Thursday after the researcher and popularizer decided to focus its efforts on cryptocurrency in a series of videos he broadcast on his channel in December 2022.
In those videos, still available on the platform, Coffeezilla claimed that the only way to approachr the fallout from Logan Paul’s failed cryptocurrency and NFT project was to brand it as his “biggest scam,” claiming that he deliberately tricked his fans into parting with their money under the false premise that CryptoZoo would work, so that the now-wrestler could then pocket it and write off the project as a failure.
In legal documents that Logan has filed, he claims that Coffeezilla has had access to messages that demonstrate that this was not a pyramid scam, but that continues to publish this content “maliciously and repeatedly” to get more clicks and views to your channel, which brings you more profits.
In fact, Paul points out in his lawsuit that Coffeezilla launched a Patreon account—based on paid subscriptions—right after his first video against CryptoZoo, asking viewers to pay him for his research to provide more substance. Logan believes Coffeezilla knew how much attention he would get for calling his project a “scam” and has taken advantage of it ever since.
In fact, Paul claims in his lawsuit that he always had the best intentions and that the problem was trusting Eduardo’s advisors. Eddie Ibanez and Jake Greenbaum, whom he calls “charlatans” who torpedoed his version and deceived him during the process, expressing their frustrations in the aforementioned messages.
Furthermore, Paul clarifies that Coffeezilla was aware that he did not make any profit from the project and that, in fact, has lost hundreds of thousands of dollars in the process, and has already presented a plan to return money to buyers of its NFTs, having already returned more than a million dollars – although there is no evidence that this has happened.
For now, Paul’s intention is to clear his name, seeking an unspecified amount of damages. It is not known if he also hopes that justice will make Coffeezilla remove the videos, although he youtuber I could still countersue using the data that he himself gave through the videos, in which in fact he already analyzed the role of Ibáñez and Greenbaum along with that of Paul.
