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Speaker 1

00:00

The Jorogun Experience.

Speaker 2

00:02

What has been the reaction? Like what has been the most visceral or violent reaction to what you've done and exposed?

Speaker 1

00:12

I think the biggest story we probably ever broke in was either the FTX stuff, but that was already kind of going on, is probably the Logan Paul story, the CryptoZoo saga. That was a case where, it's just the classic influencer greed story where this guy launches an NFT project, does millions upon millions of dollars in sales and delivers nothing. He promises the world a fun blockchain game that earns you money and he did nothing and the project was left abandoned and people were miserable, complaining, complaining.

Speaker 1

00:48

No 1 says it, but

Speaker 2

00:49

they don't have a voice. I'm kind of aware that you covered it but I don't know the story

Speaker 1

00:54

so let me let me back up then so okay Logan Paul is popular influencer you know yeah sure so he along with a lot of influencers, got really interested in 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 0, right? And he says, well, that's not my project, that was my buddy's project.

Speaker 1

01:22

And then a month later, he's like, I actually do have a project, excited to announce it. It's called crypto zoo It's a fun game. They called it a Fun game that earns you money basically the idea is they're gonna sell you these 2 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.

Speaker 1

01:51

So you can buy eggs with zoo tokens and then the eggs will passively earn you zoo tokens. Does that make sense? No. Well, don't worry, You're kind of actually caught up.

Speaker 1

02:02

So the Zoo tokens were basically this passive income. You basically invest up front and then you're sort of getting the tokens back out, which you can then sell, I guess. So that was the idea pitched to people and people immediately buy in. $3 million 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.

Speaker 1

02:26

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.

Speaker 1

02:36

All of a sudden, the hatch day comes when you're supposed to hatch these eggs, and half the hatching doesn't work.

Speaker 2

02:45

How does the hatching work? Is it on a computer model?

Speaker 1

02:49

What is it? It was on the blockchain. So your NFTs would turn into different NFTs.

Speaker 1

02:55

They would transform into the animals. They go from an egg to an animal. How? It's just blockchain coding.

Speaker 2

03:03

But how do they... Is it predetermined?

Speaker 1

03:07

Yeah. How

Speaker 2

03:08

does your egg become an ostrich?

Speaker 1

03:09

It's just random, it's like, it's supposed to be randomly generated animals. So you, when you hatch it. And so you might get a rhino, you might get

Speaker 2

03:17

a chicken.

Speaker 1

03:18

Exactly. And then you could crossbreed your rhino with a chicken and get a ricken or something and get even more tokens. But, yeah, there it is. You get bear shark.

Speaker 1

03:32

So people start to like. Is it 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.

Speaker 1

03:49

In reality He hadn't touched it for a very long period of time, but so sorry to back up.

Speaker 2

03:54

Okay

Speaker 1

03:55

the 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.

Speaker 1

04:07

There's just sort of all this stuff going on 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.

Speaker 1

04:46

He's like, well, I'm gonna sue you for that

Speaker 2

04:48

He says you see.

Speaker 1

04:48

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, Coffee Zilla, for showing 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.

Speaker 1

05:17

So that's nice. I actually think it's great that that happened, but there's 2 issues with it. Number 1, which is that the NFTs were only half a small part of the sale. They actually weren't even half.

Speaker 1

05:27

Because people bought these tokens. So the people who bought tokens get nothing. He's offering this refund on the NFTs. The other problem is he hasn't refunded the NFTs.

Speaker 1

05:36

I've been, I've actually reached out to him twice. 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.

Speaker 1

05:49

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, you promised 1.7 million to these investors, they're all waiting. It's been over, I think it's almost been 2 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.

Speaker 1

06:11

So What I'm ultimately looking for 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 different projects they're spinning up. But the second accountability is asked for, you can't reach them.

Speaker 2

06:29

So is it, well, I would assume, Logan's a very busy guy.

Speaker 1

06:34

And

Speaker 2

06:34

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

Speaker 1

06:47

we have text messages from behind the scenes a lot of people the people who were responsible for say Logan kind of spearheaded the idea and he says he spearheaded the idea. So it was his idea.

Speaker 2

06:57

Yeah and And so he's working with someone right that probably assured him that this would work?

Speaker 1

07:06

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 my feeling is ultimately, no matter what happens, when you take people's money, that's what I'm trying to, on my show, I'm trying to tell these influencers, 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, oh, it was like a guy that's not that trustworthy.

Speaker 1

07:40

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 my experience, because I've talked to Logan and that's why I know he didn't respond to me because I texted him, I said, hey, where's this money? He left me on read, but I've talked to him.

Speaker 1

07:59

And when I talked to him, 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.

Speaker 2

08:17

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?

Speaker 1

08:28

It's very frustrating because you know at every turn it's just sort of like... You know it is... I want to say it's possible.

Speaker 1

08:36

We just don't know and it's just sort of like when you promise people 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 goal, 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 2 months.

Speaker 1

08:52

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 1 of the things is these influencers got into this crypto space.

Speaker 1

09:13

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 NordVPN isn't as great as they said it was, you know, it's all cool. Right.

Speaker 1

09:29

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