“As part of Defendants’ NFT scheme, Defendants marketed CryptoZoo NFTs to purchasers by falsely claiming that, in exchange for transferring cryptocurrency to purchase the CryptoZooNFT, purchasers would later receive benefits, including, among other things, rewards, exclusive access to other cryptocurrency assets, and the support of an online ecosystem to use and market CryptoZoo NFTs,” according to the filing.
Source: https://www.coindesk.com/business/2023/02/03/logan-paul-named-in-proposed-class-action-suit-for-cryptozoo-rug-pull-after-coffeezilla-expose/?utm_medium=referral&utm_source=rss&utm_campaign=headlines