Paul Offers Refunds for Failed Crypto Game, But Buyers Must Sign Away Rights
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Logan Paul is offering refunds for his failed CryptoZoo NFT game, but only if buyers agree not to sue him. He's offering 0.1 ETH per eligible NFT.
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To get a refund, buyers have to waive any legal claims against Paul related to CryptoZoo. This may be a strategy to minimize damages from an existing class action lawsuit.
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Paul alleges that CryptoZoo developers Jake Greenbaum and Eduardo Ibanez sabotaged the project and pocketed millions of dollars. He filed a cross claim against them.
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The original CryptoZoo project was marketed as a Pokémon-style collecting and battling game that would make money for players, but it was never finished.
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Paul says regulatory hurdles make it unfeasible to finish and release CryptoZoo. The buyback is meant to "make whole" those who wanted to play the game.