{"id":6322,"date":"2023-02-06T12:27:12","date_gmt":"2023-02-06T11:27:12","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=6310"},"modified":"2023-02-06T14:35:23","modified_gmt":"2023-02-06T13:35:23","slug":"cryptozoo-and-logan-paul-in-court","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/en\/cryptozoo-and-logan-paul-in-court\/","title":{"rendered":"CryptoZoo and Logan Paul in court &#8211; Crypto News &#038; Analysis"},"content":{"rendered":"\n<p>In this section, find each week the<strong> Analyzes<\/strong> And<strong> Crypto News<\/strong> not to be missed this week: Logan Paul and CryptoZoo in court for Anarque at the NFTS<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image.png\" alt=\"Logan Paul and CryptoZoo in court for Anarque at the NFTS\" class=\"wp-image-6316\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-300x200.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-768x512.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>It&#8217;s a story we&#8217;ve been hearing for a long time but which is now taking a new turn. Several <strong>investors <\/strong>have come together to file a complaint against Logan, a YouTuber with nearly <strong>23.5 million<\/strong> subscribers. This following a potential NFT scam with a project called <strong>CryptoZoo<\/strong><\/p>\n\n\n\n<p>In a petition filed Feb. 2 in court for the Western District of Texas. Plaintiffs allege that Logan Paul and other CryptoZoo members staged a &#8220;<strong>rug pull<\/strong>&#8220;:<\/p>\n\n\n\n<p>\u201cDefendant marketed the CryptoZoo project claiming that by purchasing the NFT, buyers would later receive benefits, including staking, exclusive access to rewards in other cryptocurrencies, and support from an <strong>online ecosystem<\/strong>. line where the NFT will have an interest. \u00bb<\/p>\n\n\n\n<p>Specifically, NFT buyers were promised exclusive access to <strong>blockchain games<\/strong>, <strong>airdrops<\/strong>, <strong>staking options<\/strong>, and more. A sales phase took place in 2021. However, nothing has yet been issued by CryptoZoo and the team is still withholding funds:<\/p>\n\n\n\n<p>\u201cIn fact, shortly after completing the sale of all their NFTs, CryptoZoo members[\u2026] transferred millions of dollars worth of cryptocurrency to, among other things, wallets controlled by the defendants. \u00bb<\/p>\n\n\n\n<p>In this case, are accused <strong>Danielle Strobel<\/strong>, <strong>Jeff Levin<\/strong>, <strong>Eddie Ibanez<\/strong>, <strong>Jake Greenbaum<\/strong> otherwise called &#8220;<a href=\"https:\/\/www.youtube.com\/c\/cryptokingg\" target=\"_blank\" rel=\"noreferrer noopener\"> <strong>Crypto King<\/strong><\/a> &#8221; and <strong>Ophir Bentov<\/strong> or Ben Roth. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptozoo-and-logan-paul-in-court\/#CryptoZoo_is_it_really_a_Scam\" >CryptoZoo, is it really a Scam?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptozoo-and-logan-paul-in-court\/#Logan_Pauls_response_to_CryptoZoo\" >Logan Paul&#8217;s response to CryptoZoo<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptozoo-and-logan-paul-in-court\/#Crypto-Bank_Silvergate_placed_under_Investigation_by_the_US_Department_of_Justice\" >Crypto-Bank Silvergate placed under Investigation by the US Department of Justice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptozoo-and-logan-paul-in-court\/#MicroStrategy_in_Turmoil\" >MicroStrategy in Turmoil<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptozoo-and-logan-paul-in-court\/#Crypto_of_the_Week_%E2%80%93_SingularityNet_AGIX\" >Crypto of the Week &#8211; SingularityNet (AGIX)<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CryptoZoo_is_it_really_a_Scam\"><\/span>CryptoZoo, is it really a Scam?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The story began last December when <strong>Coffeezilla<\/strong>. A YouTuber with <strong>2.5 million subscribers<\/strong> investigated the cases of CryptoZoo and Logan Paul. Thanks to numerous <strong>interviews<\/strong>, community outreach and extensive research on the CryptoZoo project. We now know that Logan Paul&#8217;s ambition is not really to deliver a blockchain game, but to <strong>make money<\/strong>&#8230;<\/p>\n\n\n\n<p>In a video response, Logan Paul denied the allegations. He claims the developers &#8220;stole the game code, fled to Switzerland and demanded <strong>$1 million<\/strong>&#8220;. He also threatens to sue <strong>Coffeezilla<\/strong>. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Logan_Pauls_response_to_CryptoZoo\"><\/span>Logan Paul&#8217;s response to CryptoZoo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In fact, the American influencer and entrepreneur finally admitted his mistake and announced his intention to restart the <strong>CryptoZoo game<\/strong>. The plan will provide NFT holders with <strong>1,000 Ether<\/strong> (ETH) to repay their initial investment of 0.1 ETH. This will also allow the development of the game to resume.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto-Bank_Silvergate_placed_under_Investigation_by_the_US_Department_of_Justice\"><\/span>Crypto-Bank Silvergate placed under Investigation by the US Department of Justice<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"930\" height=\"523\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-1.png\" alt=\"Crypto-Bank Silvergate placed under Investigation by the US Department of Justice\" class=\"wp-image-6317\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-1.png 930w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-1-300x169.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-1-768x432.png 768w\" sizes=\"(max-width: 930px) 100vw, 930px\" \/><\/figure>\n\n\n\n<p>The US Department of Justice has reportedly launched an investigation into cryptocurrency bank <strong>Silvergate <\/strong>for possible ties to <strong>FTX <\/strong>and <strong>Alameda Research<\/strong>.<\/p>\n\n\n\n<p>In fact, individuals who wished to remain anonymous due to the sensitivity of the <strong>investigation<\/strong>. Said authorities wanted to look into the accounts of <strong>Sam Bankman-Fried<\/strong> of Silvergate and his company.<\/p>\n\n\n\n<p>Note that Silvergate is not currently convicted of any charges and cannot be prosecuted following an investigation. But earlier this week, a bipartisan group of US senators sent Silvergate a letter. They ask for details about his relationship with Sam Bankman-Fried, calling previous responses &#8220;<strong>evasive and incomplete<\/strong>&#8220;.<\/p>\n\n\n\n<p>Regarding its relationship with FTX and Alameda, Silvergate previously announced that it was reviewing transactions involving Sam Bankman-Fried and assures that everything is in order.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MicroStrategy_in_Turmoil\"><\/span>MicroStrategy in Turmoil <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-2-1024x600.png\" alt=\"MicroStrategy in Turmoil \" class=\"wp-image-6318\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-2-1024x600.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-2-300x176.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-2-768x450.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-2.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>In August 2020, publicly listed company <strong>MicroStrategy<\/strong> (MSTR shares) did not skimp on its Bitcoin purchases. It has accumulated a huge stash of <strong>132,500 BTC<\/strong> so far, worth <strong>$3.1 billion<\/strong>.<\/p>\n\n\n\n<p>With such exposure to the kings of cryptocurrency. One might suspect that MicroStrategy&#8217;s year-end 2022 will head in the same wrong direction as the <strong>cryptocurrency market<\/strong>. The company, founded by Michael Saylor, posted a net loss of <strong>$249.7 million<\/strong> in the last three months of 2022. According to its fourth quarter earnings report published on February 2, 2023.<\/p>\n\n\n\n<p>The potential capital loss on the company&#8217;s bitcoin holdings is weighing on MicroStrategy&#8217;s balance sheet. His BTC cost the company (almost) <strong>$197.6 million<\/strong>. 2022 as a whole is even worse. The theoretical unrealized loss was <strong>$1.3 billion<\/strong> between the selling price of BTC at the start of 2022 and the selling price at the end of last year.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto_of_the_Week_%E2%80%93_SingularityNet_AGIX\"><\/span>Crypto of the Week &#8211; SingularityNet (AGIX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"501\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-3-1024x501.png\" alt=\"Crypto of the Week - SingularityNet (AGIX)\" class=\"wp-image-6319\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-3-1024x501.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-3-300x147.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-3-768x376.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-3-1536x751.png 1536w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-3-2048x1002.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>SingularityNET<\/strong> is a decentralized platform focused on artificial intelligence. Its objective is to promote <strong>interoperability <\/strong>in the field of AI. In fact, the field of AI comes up against certain limitations. There is currently no way for artificial intelligence to communicate data and coordinate processes. Everything has to be done manually and is <strong>very expensive<\/strong>. <\/p>\n\n\n\n<p>It is impossible to find a service in the AI space and be able to assess its <strong>quality<\/strong>. Testing your service is essential and involves great avoidable risks. Developing AI, connecting it to other users and commercializing it is extremely <strong>expensive <\/strong>and ultimately <strong>inaccessible <\/strong>to most organizations. Therefore, SingularityNET steps in to offer solutions to all these problems. And also, open the AI market to the <strong>whole world<\/strong>.<\/p>\n\n\n\n<p>With a Market Cap of<strong> 469,975,644<\/strong> , a price at<strong> 0.392<\/strong> , the price undergoes this week an increase of<strong> 138.87%<\/strong> , causing it to rise to the<strong> 79th<\/strong> place in the CoinMarketCap ranking.<\/p>\n\n\n\n<p>Don&#8217;t forget to read our<a href=\"https:\/\/walloftraders.com\/blog\/en\/amazon-nfts-news-and-crypto-analysis\/\"> news from last week<\/a> !<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-social-warfare-social-warfare\"><div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"6322\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=CryptoZoo+and+Logan+Paul+in+court+-+Crypto+News+%26+Analysis&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptozoo-and-logan-paul-in-court%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=CryptoZoo+and+Logan+Paul+in+court+-+Crypto+News+%26+Analysis&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptozoo-and-logan-paul-in-court%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweet<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptozoo-and-logan-paul-in-court%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptozoo-and-logan-paul-in-court%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptozoo-and-logan-paul-in-court%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptozoo-and-logan-paul-in-court%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptozoo-and-logan-paul-in-court%2F\" onClick=\"event.preventDefault(); \r\n\t\t\t\t\t\t\tvar e=document.createElement('script');\r\n\t\t\t\t\t\t\te.setAttribute('type','text\/javascript');\r\n\t\t\t\t\t\t\te.setAttribute('charset','UTF-8');\r\n\t\t\t\t\t\t\te.setAttribute('src','\/\/assets.pinterest.com\/js\/pinmarklet.js?r='+Math.random()*99999999);\r\n\t\t\t\t\t\t\tdocument.body.appendChild(e);\r\n\t\t\t\t\t\t\" ><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_pinterest_icon\"><\/i><span class=\"swp_share\">Pin<\/span><\/span><\/span><\/span><\/a><\/div><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>This article is not investment advice. Do your own research before investing in the cryptocurrency market.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this section, find each week the Analyzes And Crypto News not to be missed this week: Logan Paul and CryptoZoo in court for Anarque at the NFTS It&#8217;s a story we&#8217;ve been hearing for a long time but which is now taking a new turn. Several investors have come together to file a &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"CryptoZoo and Logan Paul in court &#8211; Crypto News &#038; Analysis\" class=\"read-more button\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptozoo-and-logan-paul-in-court\/#more-6322\" aria-label=\"More on CryptoZoo and Logan Paul in court &#8211; Crypto News &#038; Analysis\">Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":6332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-6322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CryptoZoo and Logan Paul in court - Crypto News &amp; 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