American YouTuber Logan Paul announces personal investment of $2.3 million for repurchasing CryptoZoo NFT.

BlockBeats reported on January 5th that American internet celebrity Logan Paul, also known as "Splitting Brother" or "American Medicine Brother", announced that he will personally invest over $2.3 million to repurchase the Base Egg and Base Animals NFT of the CryptoZoo NFT project. This plan aims to compensate players who originally intended to participate in the CryptoZoo game but were unable to do so. Paul also mentioned that NFT holders can submit claims online before February 8th. The CryptoZoo project was launched in 2021, and it planned to release a game based on animal NFTs. Despite Paul's strong promotion through YouTube and podcasts, the project caused controversy over its feasibility despite raising millions of dollars. YouTuber Stephen "Coffeezilla" Findeisen accused the project of being a scam and claimed that Paul did not pay the developers. In January 2023, Paul promised to refund the CryptoZoo NFT buyers. It is worth noting that the Ethereum-based token ZOO associated with the project is not included in the repurchase plan. Paul emphasized in the announcement: "The repurchase plan is not intended to compensate those who gamble in the crypto market and suffer losses." He also mentioned that the ZOO token was originally created to support the CryptoZoo game and its players and should not be viewed as an investment tool. In addition, Paul also mentioned in his announcement that he filed a cross-complaint against the project's key developers Eduardo Ibanez and Jake "CryptoKing" Greenbaum on Thursday. "I have filed a lawsuit against these bad actors in federal court in Texas," Paul said. He added that the lawsuit was based on the results of a comprehensive investigation, including a review of all conversations and tracking of illegal trading activities related to the project. In February 2023, Logan Paul, Ibanez, Greenbaum, and other CryptoZoo affiliates faced a collective lawsuit for "carpet-style" fraud against NFT buyers. In legal documents filed on January 4th, Paul denied the fraud charges against him. At the same time, he pointed out that due to "too many regulatory obstacles", despite investing $400,000 in the project, the related NFT game will not be released.