Getting into the spotlight for your failure to deliver in crypto can have positive effects. That's what happened with Logan Paul and his CryptoZoo project.
First it was the 3 part investigation by CoffeeZilla shedding light into what happened with the CryptoZoo project that brought the attention back to Logan Paul's forgotten Blockchain game that was never developed.
Then, Logan Paul published two video responses to the investigation. Those responses were egotistical and aimed at deflecting the blame without taking any accountability. As expected, they drew a huge public backlash from the CryptoZoo investors, and crypto community at large.
It looks like public shaming worked. Sometimes it is necessary. Logan Paul decided to delete both videos. He also took back the threat of taking CoffeeZilla to court for his investigation. Moreover, he reached his CryptoZoo community on Discord to take accountability for his failure and apologize. Honestly, that looked like his only way out of the mess he created.
To be frank, if he went through with the lawsuit, things could turn uglier for him during the lawsuit's "discovery" phase, and more incriminating facts could come to light.
It would make it even easier for the SEC to come after him for insider trading due to the stealth launch and market manipulation that him and the other founders did.
Investors can also launch their own lawsuits for losing money due to said market manipulation.
Apologizing and owing to his mistakes is a good initial step, but is it enough? Not really. Logan promised that he will come up with a plan aimed at fixing things at CryptoZoo.
Will that work? That remains to be seen. The trust of people already invested in the NFT based blockchain game has already been shattered. What needs to happen now is that the investors be made whole again and the game to be developed as per their Whitepaper.
To end this write up; such situations show the power we have as a crypto community. If we remain ever vigilant, call out bad actors and demand accountability for our space will vastly improve. The immutability of the Blockchain is on our side.
(images from social media & CryptoZoo.co under fair use - dividers courtesy of @brando28)
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