Well-known YouTuber Stephen “Coffezilla” Findeisen has allegedly been sued by fellow content creator Logan Paul following the CryptoZoo scandal that reportedly saw many people lose their money in NFTs and cryptocurrency. Findeisen alleges Paul isn’t suing him to “win” but to “silence him.”
Findeisen explained the entire situation on his Coffeezilla YouTube channel in a video uploaded Aug. 5. He goes over the lawsuit’s allegations, which state its aim is to “hold Findeisen accountable for his actions.” The creator saed “Logan has learned nothing” despite the lawsuit, stating he “learned to believe in the importance of accountability,” and explained how the YouTube star is currently embroiled in a legal battle with both the “victims” of the CryptoZoo scandal and the “journalist who exposed him.”
“I won’t be silenced because Logan’s lawsuit makes no sense,” Findeisen says, adding that Paul isn’t even suing him for covering the CryptoZoo ordeal. Rather, he alleges the lawsuit regards videos in which he “tried to get his fans, the CryptoZoo investors, a full refund.”
For those out of the loop, CryptoZoo was supposed to be a video game featuring cryptocurrencies and NFTs that ended up failing and reportedly losing the investors millions of dollars. Logan Paul launched a refund program that promised to return the money invested in NFTs, but as Coffezilla claimed in one video that’s apparently part of the lawsuit, that’s “only a minority of the losses.”
Findeisen also launched a crowdfunding campaign through selling merchandise to finance the lawsuit, which he believes is “groundless, meritless, frivolous” and later says it was “not designed to win but to shut me up, to threaten me using Logan’s wealth.”
He added how Paul’s decision to sue may have to do with another investigation into Liquid Marketplace, a place for “buying and selling of fractional ownership stakes in trading cards and other collectibles,” according to Betakit. This marketplace was co-founded by Logan Paul, and it has recently been accused of being “a multi-layered fraud” by the Ontario Securities Commission, Betakit reports.
The lawsuit against Coffeezilla was filed two weeks ago and is a developing story.
Published: Aug 6, 2024 11:32 am