YouTuber Logan Paul has issued an apology to fans who lost money investing in his cryptocurrency game, CryptoZoo, after more than a year of development without any tangible results.
Paul, who has over 23 million subscribers on YouTube, initially claimed to have spent roughly $1 million on the project and hired a “massive team” to work on it. CryptoZoo promised to be an “autonomous ecosystem” that would allow users to buy, sell, and trade exotic animal images using non-fungible tokens (NFTs) and a linked cryptocurrency called $ZOO.
In a since-removed project roadmap, many games were promised in 2022 that would incorporate the NFT images, but no playable features were delivered. Paul admitted to making a mistake by hiring “conmen” and “felons” to run the project, but denied the failures were his fault.
He threatened to sue cryptocurrency scam investigator Stephen Findeisen, known as Coffeezilla on YouTube, before deleting the video and apologizing. No further details have been provided on how Paul plans to either reimburse investors or relaunch CryptoZoo. Paul has also been linked to the failed cryptocurrency coin Dink Doink, which he promoted in June 2021.