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International Business Times
International Business Times
World
Carla St. Louis

Influencer Logan Paul Accused Of Misleading Fans Over Crypto

Logan Paul Crypto Cryptocurrency Lawsuit NFT
Logan Paul attends the 2024 Sports Illustrated Swimsuit Issue launch party at Hard Rock Cafe - Times Square on May 16 in New York City. (Credit: Michael Loccisano/Getty Images)

Logan Paul is embroiled in a $4.2 million lawsuit that alleges that he misled fans into investing in a cryptocurrency promotion that he directly profited from.

The class-action lawsuit, which represents 130 investors, involves CryptoZoo, Paul's crypto venture marketed as an online trading card game, according to the BBC. In the game, users buy a cryptocurrency called Zoo Token, which can be used to buy non-fungible tokens (NFTs) "eggs."

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