Trouble continues for Logan Paul: “Rug Pull” class action lawsuit over CryptoZoo NFTs
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News for Logan Paul: the famous Internet personality and his NFT project CryptoZoo have been accused of being involved in a “rug pull” in a new class action lawsuit. Announced in September 2021. CryptoZoo was marketed as an NFT-based game and advertised as “a self-contained ecosystem” that would allow virtual ZooKeepers to buy, sell, and trade exotic animals on the blockchain. Hatching them from eggs upon purchase. NFT CryptoZoo: Here’s what’s going on. A filing filed in the U.S. District Court for the Western District of Texas said the defendants “executed a ‘rug pull’. Promoting CryptoZoo’s products using Paul’s online
Investors claim Nike’s shutdown of RTFKT was a $5M “rug pull.” Plaintiffs argue Nike NFTs qualify as unregistered securities. NFT values crashed after promised features were scrapped. A group of NFT holders has filed a class-action lawsuit against Nike, accusing the company of conducting a “rug pull” with its RTFKT.…
American YouTuber Logan Paul is the latest household name planning to debut his NFT marketplace, joining the likes of retired NFL player Tom Brady and musician John Legend. In addition to an NFT... [[ This is a content summary only. Visit my website for full links, other content, and more!…