Video URL: https://www.youtube.com/watch?v=RbPJD4Wh-l8
The Joe Rogan Experience what it's been the reaction like what has been the most uh visceral or violent reaction to What You've uh you've done and exposed I think the biggest story we probably ever broke in was either the FTX stuff that was already kind of going on it's probably the Logan Paul story The crypto Zoo Saga um that was a case where you know it's just the Classic influencer greed story where this guy launches an nft project does millions upons millions of dollars in sales and delivers nothing he promises the world a fun blockchain game that earns you money and he he did nothing and the project was left abandoned and people were like miserable complaining complaining no one says it but I'm not aware of the voice I'm kind of aware that you covered it but I don't know the story so let me let me back up then so okay uh Logan Paul is popular influencer you know who yeah sure um so he along with a lot of influencers got really interested in like the crypto space and he had done a coin before that called dink doink which was abandoned shortly after he promoted it people got invested goes to zero right and he says well that's not my project that was my buddy's project and then like a month later he's like I actually do have a project excited to announce it it's called cryptozoo it's a fun game they called it a fun game that earns you money basically the idea is they're going to sell you these two things eggs is nft and then there's a coin aspect to it called Zoo tokens okay so you can buy these Zoo tokens to buy the eggs and the idea is the eggs will then hatch into animals that will earn passive Zoo tokens so you're you can buy eggs with Zoo tokens and then the eggs will passively earn Yuzu tokens does that make sense no well don't worry you're you're kind of actually caught up uh so these Zoo tokens were basically this passive income you know you basically invest up front and then you're sort of getting the tokens back out which you can sell I guess so that was the idea pitched to people and people immediately Buy in they three million dollars in nft sales tens of millions of dollars in the
tokens itself the zoo tokens people are so excited about it because it's Logan Paul and he says this is his project he's putting his name behind it his back behind it and he's a great marketer I mean you got to give the guy credit where credit is due he's a tremendous marketer so people get all excited all of a sudden the the hatch day comes when you're supposed to hatch these eggs and half the hatching doesn't work how does the hatching work is it on a computer model it was on what is it it was on the blockchain so you could like you your nfts would turn into different nfts like they would like they would transform into the animals they go from an egg to an animal how uh it's just blockchain coding I mean it's just it's just but how do they is it is it predetermined yeah yeah how does your egg become it's just true it's just random it's like it's supposed to be randomly generated uh animals so you and so you might get a rhino you might get yeah and chicken exactly and then you could like crossbreed your rhino with like a chicken and get like a A ricken or something and get even more tokens but uh is this it yeah there it is you get like bear shark so like Panda so people start to like is this still around so they say they're gonna go back and fix it now so Logan after being not involved for like a year as soon as my video comes out he goes damn what a coincidence like I've been working on it like I was gonna you know make it like launch it in reality he hadn't touched it for a very long period of time but so so sorry to back up okay the uh half the token half the eggs don't work and they're not actually earning anything the whole time they said they're gonna earn you these tokens right they're not earning anything so the promises haven't been fulfilled there's just sort of all this stuff going on behind and behind the scenes Logan's quiet come to find out he had hired basically criminals who were selling on the back end like some of the tokens and he was sort of like I I don't know what his his thing was I think he realized like oh it's not gonna be that successful let me move on I think his mentality was let me just move on right the problem though is you have millions
of dollars of investment in a thing that you promoted you told everyone it was going to make the money and then you never delivered anything so my story was basically showing that showing the victims of the scheme and then response he's like well I'm gonna sue you for that he said he's gonna see you yeah he said I'll see you in court and then the backlash against him was so severe that he releases a video saying thank you coffeezilla for showing at the world what happened and I appreciate it I responded out of anger but I'm gonna make things right I'm gonna fix the game to what it was supposed to be and I'm gonna pay back 1.7 million dollars I'm committing 1.7 million to anyone who bought an nft can get a refund now there's a bit of an issue with that so that's nice I actually think it's great that that happened but uh there's two issues with it number one which is that the nfts were only half a small part of the sales they actually weren't even half they because people bought these tokens so the people who bought tokens get nothing he's offering you know this refund on the the nfts the other problem is he hasn't refunded the nfts I've been I've actually reached out to him twice uh it's been like over a month since he's done this so he said he's going to do it and then the Discord like he's posting in this little chat room with the investors after he said he was going to do it he's posted nothing there's no way to get a refund right now so I keep asking him like Hey where's you promised 1.7 million to these investors they're all waiting it's been over uh I think it's almost been two months now and there's nothing so it's like you know he says that he's refunding people which sounds great for PR and then it's just like radio silence so what I'm ultimately looking for is some accountability from these guys they're happy to make money from the Endeavors they're happy to potentially make millions of dollars from these you know different projects they're spinning up but the second accountability is asked for you can't reach them so is it well I would assume Logan's a very busy guy and sure I would assume that he probably
didn't come up with this on his own I would assume that someone probably came to him with this project this is just total assumption guesswork guessing on my part so we have text messages for behind the scenes a lot of people's the people who are responsible for say Logan kind of spearheaded the idea and he says he's spearheaded the idea so it was his idea yeah and and so he's working with someone right that probably assured him that this would work uh yeah I mean he had a he had this team of a few guys who they didn't do much vetting into and some of them turned out to be criminals but you know my my feeling is ultimately no matter what happens like when you take people's money that's what I'm trying to like on my show I'm trying to tell these like influencers like when you take people's money it's different when you tell them you're gonna make them money and you get into the financial investment game your responsibility is different you can't just always pass the buck to like uh it was like a guy that's not that trustworthy it's like all right that might be true then go fix it Go hire some more guys that are trustworthy and fix the thing and I think um my experience because I've talked to Logan and that's why I know he didn't respond to me because I I texted him I said Hey where's this money he left me on red but I've talked to him and when I talk to him you know there's just sort of this feeling of he's like I just don't want to think about this like I don't want to be you know he wants to focus on Prime which is successful he doesn't want to be bothered with the victims of the scheme that he ultimately thought of in the first place so it's still is it possible that he's just Gathering the money or working out a way to do it legally where it it makes sense it's it's very frustrating because you know at at every turn it's just sort of like uh you know it is I want to say it's possible we just don't know and it's just sort of like when you promise people re refunds like the longer you wait you know the less people are actually going to take that refund if Walmart says hey bring in bring in this skull I'll give you a
refund and you're like all right when can I bring it in and then I'll respond to you for two months they know that you're less likely to actually take the refund so I don't know if he's doing it because he wants less people to get the refund he probably is busy but my thought is a transgression of this magnitude where you're playing with people's money and livelihoods you cannot take it lightly and that's one of the things is these influencers got into this crypto space I don't think they fully appreciated they're now dealing with financial investments and it's not a joke it's not like a brand deal where you know if uh nordvpn isn't as great as they said it was you know it's all cool right it's now it's your company and you promise people you're gonna make the money and now you haven't said anything for over a year then you say you're going to refund them and you don't say anything for two months that's a that's an issue