Logan Paul, the American YouTube personality and influencer, is reportedly under renewed scrutiny regarding his crypto activities, amid allegations that he may have profited by misleading his audience. According to a BBC report, new evidence has emerged indicating he promoted investment opportunities without disclosing his financial stake in them. Paul, whose YouTube channel has over 23 million followers, is believed to have influenced price surges in the investments he promoted, raising questions about whether he may have profited from selling tokens he owned. The YouTuber is also currently facing a multi-million-dollar lawsuit related to a failed cryptocurrency venture called CryptoZoo. He has denied any allegations of wrongdoing. In 2021, Logan Paul promoted high-risk crypto tokens known as “meme coins,” which were inspired by internet jokes and have no intrinsic value.
Comment on Logan Paul faces scrutiny over crypto deals amid claims of misleading fans
Suswati Basu, ReadWriteWeb
Wed, 11/20/2024 - 3:54am
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