- Logan Paul sued Coffeezilla for defamation over videos about Paul’s NFT project, CryptoZoo, alleging false scam accusations.
- Coffeezilla claims Paul’s lawsuit aims to suppress new investigations and retaliate against previous ones, calling it groundless.
- The Ontario Securities Commission accused Liquid Marketplace, co-founded by Paul, of being a “multi-layered fraud.”
Logan Paul has sued internet investigator Stephen Findeisen, also known as Coffeezilla, for defamation over videos about Paul’s NFT project, CryptoZoo. On July 27, Paul filed a lawsuit alleging Findeisen made false statements about Paul running a scam. In response, Findeisen posted a video disputing the lawsuit, claiming it was an attempt to silence further investigations.
Coffeezilla says Paul’s lawsuit is groundless
On August 5, Findeisen clarified that the lawsuit is not about his initial CryptoZoo videos. Instead, it emphasizes his support for user refunds in subsequent videos and a post on X. On January 4, Paul announced a $2.3 million buyback program for CryptoZoo NFT holders, which allowed them to repurchase the NFTs at their original price. To participate in the refund process, users must waive any claims they may have against Paul.
Findeisen criticized the move, claiming it only benefits a small number of those affected and fails to compensate users who purchased Zoo tokens.
Silencing a new investigation
Findeisen also argued that Paul’s lawsuit is without merit, claiming that it seeks to suppress new investigations while seeking retribution for previous ones. For the lawsuit to be successful, Paul must demonstrate financial losses or reputational damage. Findeisen pointed out that Paul had already been accused of pump-and-dump schemes prior to the CryptoZoo investigation, undermining the lawsuit’s credibility. The timing of the lawsuit is also noteworthy, as it coincides with Findeisen’s request for information from Paul regarding his involvement in the Liquid Marketplace saga.
On June 24, the Ontario Securities Commission in Canada accused Paul’s Liquid Marketplace of “multi-layered fraud.” This development adds another layer to the ongoing legal and ethical concerns about Paul’s business ventures. According to Findeisen’s statements, Paul’s lawsuit may be a strategic move to avoid further scrutiny of his activities.
Paul’s legal challenge to Findeisen could set a precedent for future handling of similar cases. This case emphasizes the delicate balance between free speech and defamation protections.
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