Gather round, gather round, for the next installment of "Stybar gets waaay too invested in internet drama".
Although, this is a bit more serious than some over-inflated egos throwing shit at eachother. Or, well, there are inflated egos involved, but there are also millions of dollars lost in this tale.
You probably know Logan Paul. One of the Paul brothers, famed vlogger, he's the guy who did the "oopsie" in the Japanese suicide forest. And recently, it appeared he'd cleaned up his act. Got into boxing (with pretty great success), started a drink company with KSI, and generally didn't really do anything bad. Just a regular Youtuber, but with a massive viewerbase.
And then he started promoting "CryptoZoo". A project he had started, which was a game with NFTs, with a cryptocoin supporting it. You could "buy" an "egg", which would then hatch into an "animal" (read, a jpg of an animal - these were the NFTs). Those animals could then cross breed to give you more eggs, which gave you new animals, based on it's "parents". You could also sell the "animals" for Zoo, which was the accompanying cryptotoken. Logan marketed it as "a really fun game, which earns you money".
Of course, Logan being the public face on it, it quickly got popular in the Web3 spheres. People invested, and... nothing happened. The project didn't release - or at least, not in the form it was promised - and the value of the coins plummeted. Logan himself sent exactly
two messages in the project's discord, and stopped talking about it on his podcast. It looked like a typical rugpull.
Then Coffezilla got interested. If you don't know him,
Coffeezilla is an investigative journalist (I suppose we can call him that), who focuses on exposing crypto scammers and fake gurus. His work is so detailed, it has been subpoena'd by government agencies to help in investigations.
So, he starts digging, and uncovers a whole mountain of shady shit. Literal scam artists who got involved, programmers who highjacked the source code due to non-payments, vague legal threats from Logan's manager Jeff, all kinds of stuff. It's all documented and explained in an excellent 3-part series (start
here, and then
this one, and finally
this). It's... all very damning. And in conclusion: there are a lot of people at fault, several millions in crypto got rugpulled (although not by Logan), and a lot of people lost money. And the face of it all is Logan Paul.
Of course, Logan didn't like this coming out. Soon after the third and final video was released, Logan started crying foul on Twitter, saying that Coffeezilla's work is "usually great, but this one isn't". Logan then also followed with a "response" video, in which he shifts all the blame from him onto his team (the team
that he hired).
Of particular note:
- He blames Coffeezilla for not contacting him directly - but omitting the fact that Coffeezilla did try (the very first video explained how he couldn't contact Logan, and how the phonecall with the manager Jeff was just... fucking weird).
- He dismisses the testimony given by the lead developer of the project (the one who supposedly locked the code and blackmailed Logan), because said developer "was a criminal". Why did Logan hire him, then? Well, again, it's the fault of his team.
- A semi-valid point is that one of the testimonies of people who lost money, was made by a guy who's been known to rugpull other crypto projects himself. Only semi-valid, because it doesn't discredit the many others who testified in the videos.
- Logan then finishes the video by promising to sue Coffeezilla for defamation and false accusations.
Surprisingly, Coffee stayed quiet. Apparently, a lot of things happened behind the scenes, and later on he mentioned that he had a reply video ready himself, but was contacted by Logan to talk things out before he posted it. So, a little bit later, Logan came back out, removed his reply video, and basically walked back every statement he made. The lawsuit is now completely off the table. A new apology video was released, where accepted (part of) the blame, and he has since promised to right his wrongs, and also to cough up $1.3 million to pay back people who got shafted in the whole ordeal. Still, the whole apology he posted was kinda weaksauce. More like Logan was doing the bare fucking minimum to repay those who got scammed.
A shitton of Youtubers came out in support of Coffeezilla, and blasted Logan for being a fucking idiot. Charlie, Mudahar, even fucking Pyrocynical got his comments out.
So yeah. Massive Youtuber scandal - but this time with actual millions being swindled. It still is overinflated egos, but at the core is some solid journalism. And, y'know, another giant cryptoscam.
Don't do drugs, kids. Or NFTs.