Six months after promising to repay CryptoZoo purchasers, YouTuber Logan Paul has failed to do so. In January, Paul was accused of defrauding his audience by selling NFTs and releasing a ZOO token. The promised game never materialized.

YouTube investigator Stephen “Coffeezilla” Findeisen raised questions regarding Logan Paul’s CryptoZoo project’s dishonesty. On January 13, Paul issued a video with a “three-step plan” to address the criticism. A month later, a class-action lawsuit accused him and his staff of misleading purchasers and “rug-pulling” CryptoZoo investors.

What did Logan Paul promise in January, and has he delivered?

Paul promised to destroy his ZOO tokens and repay CryptoZoo buyers $1.8 million. The token’s whitepaper’s ZOO contract does not indicate whether Paul or his team burned tokens. The project’s tokenomics website detected a burning wallet with an address ending in 0x6D that burned 1.5 billion ZOO tokens after the NFT release. Since March 2022, the wallet has been inactive, casting doubt on the burn.

This inaction has CryptoZoo buyers and the NFT community worried about their investments. The delay and apparent refusal to repay consumers have fostered distrust and dissatisfaction, with people eagerly anticipating a resolution.

Logan Paul’s CryptoZoo scandal warns NFT investors and digital asset developers. It emphasizes openness, accountability, and fulfilling supporter obligations. The incident highlights the need for due diligence while participating in NFT projects and the risks of investing in projects without a track record or strategy.

Incidents like this can damage the NFT industry’s credibility as it grows. To support the NFT ecosystem, producers, influencers, and platforms must operate ethically and responsibly.

Finally, Logan Paul’s six-month delay in refunding CryptoZoo NFT customers has disappointed and alarmed many. Investors are frustrated by his unclear obligations, even burning ZOO tokens. This instance highlights the necessity of openness, accountability, and due diligence before engaging in NFT ventures. Creators and influencers must act ethically and keep their promises to retain NFT community confidence and promote the industry’s long-term development.