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Logan Paul and CryptoZoo hit with lawsuit as investors take action By Cointelegraph
![Logan Paul and CryptoZoo hit with lawsuit as investors take action](https://nlbulletin.com/wp-content/uploads/2023/02/Logan-Paul-and-CryptoZoo-hit-with-lawsuit-as-investors-take-780x470.jpg)
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CryptoZoo and Logan Paul 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 (CZ) “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.
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