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trading cryptoBBC UK
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62% Informative
Popular YouTuber Logan Paul is facing questions over his cryptocurrency dealings.
The BBC has seen new evidence suggesting he promoted investments without revealing he had a financial interest in them.
Paul 's influence appears to have caused prices in these investments to spike, leading to suggestions he could have profited from sales of any tokens he held.
In June 2021 , Paul promoted a meme coin called âDink Doinkâ . Anyone who bought it would own shares in a cartoon character.
They would earn a portion of its earnings if it appeared in a TV show or film.
Then large-scale holders of the token began selling, causing its price to fall by 96% in two weeks .
Paul is now facing a lawsuit concerning his next venture in crypto - CryptoZoo.
At least 130 investors are now involved in a lawsuit against Logan Paul .
They claim they lost about $4.2m (Â3.25m) The value of the Zoo Tokens and the eggs started to plummet.
Rueben says he personally lost Â33,000.
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