Logan Paul has decided to not refund CryptoZoo investors, a source in the influencer’s camp told Crypto Intelligence News on Saturday.
Paul found himself under increased security after crypto YouTuber and sleuth Coffeezilla published a video about the failed crypto gaming project in late December.
In the video, Coffeezilla criticised Paul and other senior figures of the project, and he also spoke to several victims, who cumulatively lost millions of dollars as a result of the failed project.
He later promised to refund some of the investors, after his initial tactic of blaming senior advisors failed.
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However, over six months later, Paul is yet to have paid a dime in compensation, nor has he provided an update on the situation or how exactly investors can claim compensation.
Coffeezilla revealed in a recent video that Paul had been ignoring his messages regarding CryptoZoo, with only his lawyers responding to his requests for comment.
“Paul has not paid back his victims. He hasn’t talked about it since he first announced he was going to pay them back. And what’s worst of all, he doesn’t seem to have a plan in place to refund anyone,” he said.
A source with ties to Paul and the now-defunct project has now told Crypto Intelligence News that the American influencer has changed his mind about compensating investors.
Specifically, the source said that Paul was unhappy with the response he received online after he announced his intention of compensating investors from his own pocket, feeling that he didn’t receive enough credit.
Crypto Intelligence News has reached out to Logan Paul’s team for comment, but has not received a reply as of publishing this story.
