Federal Judge Dismisses Logan Paul CryptoZoo Lawsuit
Federal Judge Dismisses Logan Paul CryptoZoo Lawsuit

Federal Judge Dismisses Logan Paul CryptoZoo Lawsuit

News summary

A class action lawsuit against WWE star Logan Paul concerning his 2021 CryptoZoo NFT project has been dismissed by both a magistrate and district federal judge due to insufficient evidence linking Paul directly to investor losses or fraudulent statements. The CryptoZoo project, which promised the ability to breed and trade virtual animals for profit, faced criticism and accusations of being a scam after the game failed to launch and some NFTs were alleged to have copied Adobe Stock images. Despite Paul pledging $1.8 million to refund affected investors, the legal case continued until the recent dismissal, which Paul's attorney called a complete victory. Paul celebrated the dismissal publicly and continues to focus on his WWE career, having retired from boxing and holding the U.S. Championship in wrestling. The lawsuit's dismissal marks the end of a two-year legal dispute, allowing Paul to maintain his reputation amid ongoing business and entertainment ventures. This resolution came at a significant personal moment for Paul, as he received the news on his wedding day.

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