Logan Paul has filed a defamation lawsuit against YouTuber Stephen Findeisen, known as Coffeezilla, over a series of videos posted in 2022 about the former's failed CryptoZoo nft project.
The lawsuit alleges that Findeisen “maliciously and repeatedly” made false statements accusing Paul of organizing a scam through CryptoZoo.
“defamatory falsehoods”
Court documents “Paul brings this defamation lawsuit to hold Findeisen accountable for his actions and to hold him responsible for the immense damage he has caused to Paul’s reputation through the intentional and reckless dissemination of defamatory falsehoods.”
In late 2022, Coffeezilla launched a three-part YouTube series about CryptoZoo, calling it “Logan Paul’s biggest scam.” The videos alleged that Paul had defrauded his fans by collecting money from nft holders without delivering the promised project. The series quickly gained traction, garnering tens of millions of views and becoming one of Findeisen’s most popular pieces of content.
However, Paul maintains that these videos painted a misleading narrative. The lawsuit claims that Coffeezilla omitted crucial information that demonstrated Paul’s genuine commitment to CryptoZoo’s success. Findeisen knew that Paul did not benefit from the project and had many internal messages that showed he was determined to have CryptoZoo executed perfectly before its public launch.
“Findeisen knew perfectly well that Paul had never set out to defraud anyone, but on the contrary, had always intended to create a legitimate blockchain-based game,” the document states.
In the suit, Paul also blames the project’s failure on Eduardo “Eddie” Ibanez, whom he describes as “a charlatan” who falsified his credentials, and Jake Greenbaum, an adviser who was “more interested in trying to benefit himself than in helping create a legitimate project.”
Logan Paul seeks more than $75,000 in damages
Logan Paul seeks damages in excess of $75,000, plus interest, attorneys' fees and additional relief as determined by the court.
Paul had previously announced a $1.5 million recovery plan for CryptoZoo and considered suing Findeisen in late 2022. However, he decided not to do so to focus on making peace with nft holders. Despite this, Findeisen continued to post videos throughout 2023 and 2024, reiterating claims that CryptoZoo was a scam organized by Paul.
According to the lawsuit, he was subsequently “disappointed” when his efforts “did not materialize” and spent $1 million to buy back the nfts between January and March, even though he had “not made any money from the project.” “
The CryptoZoo project, which launched in 2021, was intended to be a game where players could purchase nft “eggs” using the ZOO token. The ZOO token has since plummeted and is now effectively worthless with a market capitalization of zero and minimal trading volume.
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