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‘I’m Sorry Guys, I Apologize for How This Has Unfolded’: Logan Paul Finally Tries to Make Things Right With CryptoZoo Investors

Published 01/14/2023, 10:30 AM EST

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YouTube sensation Logan Paul has been under heavy fire since his CryptoZoo fiasco was exposed by CoffeeZilla. However, it seems that ‘The Maverick’ is finally ready to make things right as he came out with a response to refund investors and also announce how the project will move forward.

Paul was under a lot of criticism from fans who almost canceled the YouTuber for the second time, with his first being his fiasco in Japan. Despite this, Paul was on the defensive, claiming that he had done nothing wrong, and it was because of a few “bad actors” that he had hired. However, he has now come out with an apology after a week of staying offline.

Logan Paul apologizes to CryptoZoo investors

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The YouTuber took to social media and issued an official apology to the investors who lost thousands of dollars in his scheme. Moreover, he revealed that there was an ongoing internal investigation and that he would disclose any findings to the public.

To say I am disappointed with how this was handled internally is an understatement. There’s a full internal investigation going on along with an audit and we’re going to pursue full legal action for whoever needs to be held accountable. I’m sorry guys, I apologize for how this has unfolded this far, and I want people to know that they can trust me and that I’ll always take care of the fans… I promise to be transparent and disclose anything that happens in the process,” he said.

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Logan Paul’s Announcement Causes Concern Among Fans, One Even Questions His Mental State

Following this, he went on to also reveal how he would try to refund investors who lost money on this. According to Paul, this will be done via a three-step program and will also include a $1.3 million refund package.

Paul explains the $1.3 million refund package

In the video, Paul stated that he, along with his partner would sell their tokens in the project. This would add value to other tokens increasing their price overall. The second step was a rewards program for users still wanting to play.

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Me and Jeff are going to burn our tokens so we have no financial upside to the game, and it will add value to older tokens. Step two, we want to offer a rewards program for players who are disappointed with the status of the game,he stated, over a post, from his official Twitter handle.

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This was not all as the last step was to complete the game as he intended to do so. While Paul has now finally apologized and tried to make things right, this will certainly be a lesson for him to tread carefully when it comes to these projects.

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What did you think about Paul’s apology? Let us know in the comments.

Watch This Story: Logan Paul Net Worth; Five Biggest Cash Grabs of the ‘Maverick’ in and Out of the Boxing Ring

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Written by:

Sahil Sood

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Sahil Sood is a Boxing writer at EssentiallySports. He earned his Bachelor’s degree in journalism and mass communication, and holds a keen interest in the 'sweet science'. His journey towards following boxing began when he first saw the highlights of Mike Tyson as a teenager, and then closely followed the rise of Floyd Mayweather.
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Edited by:

Shibu Immanuel