Logan Paul's CryptoZoo Lawsuit Dismissed by Federal Judge

According to Foresight News, a federal judge has dismissed the lawsuit against internet personality Logan Paul concerning the CryptoZoo project. The judge ruled that a jury could not find Paul's statements misleading or fraudulent. ZachXBT commented that outdated laws allow bad actors to exploit jurisdictional differences in the crypto space, suggesting that if a project's promotion is tied to token value without delivering substantial content, leading to significant financial loss, accountability should be enforced. He noted that this case, which should have been straightforward, highlights systemic flaws. Bittex warned that this outcome could set a dangerous precedent. ZachXBT expressed concerns that the Bittensor hacking case might be similar due to the complexity of privacy protocols and instant exchange processes, making it difficult to explain why the hacker's deposit amount matched the amount withdrawn by a former employee from the privacy protocol. Previously, Foresight News reported that YouTube star and professional wrestler Logan Paul and his associates were named in a proposed class-action lawsuit for promoting the NFT project CryptoZoo. The plaintiffs' attorney accused Paul and his associates of conducting a 'rug pull,' where developers attract token or NFT buyers with promises of certain benefits, but CryptoZoo never operated or existed, and developers allegedly absconded with the funds. The plaintiffs charged Paul and his associates with fraud, fraudulent misrepresentation, conspiracy to commit fraud, violating the Texas Deceptive Trade Practices Act, and unjust enrichment.