A defamation lawsuit filed by WWE star Logan Paul could go before a judge this month in San Antonio, Texas.
The suit is against Stephen Findeisen, who runs the YouTube Channel “Coffeezilla,” and his company Coffee Break Productions LLC.
According to Paul’s lawsuit, Findeisen published a video series in 2022 that accused the wrestler of taking part in a cryptocurrency scam. The videos centered around CryptoZoo, a project co-founded by Paul that promised to blend cryptocurrency and non-fungible tokens
(NFTs) into a blockchain game.
Though millions of dollars were reportedly raised to launch the game, CryptoZoo ultimately never came to light as a playable project. KSAT, a local affiliated of ABC in San Antonio, reported in an online story that “Paul’s legal team argues the (Findeisen) series falsely framed the crypto scheme as a deliberate fraud conceived and carried out by Paul, while omitting internal communications showing Paul was deceived by two of the project’s key advisors.”
KSAT also said court documents state that Paul never sold any tokens for the game and ended up losing more than a $1 million on CryptoZoo.
“In January 2023, Paul announced a buyback program for disappointed CryptoZoo NFT holders, pledging up to $2.3 million of his own funds,” KSAT wrote. “The buyback was completed in March 2024, distributing more than $1 million in Ethereum (blockchain) to eligible holders.”
The San Antonio Express-News reported that Paul’s lawsuit accuses Findeisen’s series of perpetuating “false narrative that Paul scammed and defrauded his own fans,” and that Findeisen “maliciously and repeatedly” published “false statements and accusing Paul of operating a scam in connection with a troubled blockchain project called CryptoZoo.”
Paul is seeking monetary damages of $76,000. The San Antonio Express-News, citing court documents, reported that a hearing is scheduled for June 29.
The Vision member currently has an opening in his schedule to appear in court after suffering a torn tricep in May that Michael Cole said will keep Paul out of action for “a number of months.”
What do you think of Paul’s lawsuit, Cagesiders? Let us know in the comments.
