While Paul's legal team has not denied connections to anonymous wallets that profited from his promotions, they assert that he only earned $17,000 from Dink Doink.

Paul's legal team has denied any wrongdoing, yet the controversy surrounding his cryptocurrency dealings continues to grow as he remains a significant influencer in the social media landscape.

Past promotions by Paul, including high-risk meme coins like Elongate, have led to significant price fluctuations, often benefiting him financially before crashing.

Logan Paul is currently facing a multimillion-dollar class-action lawsuit from at least 130 investors who allege he misled them in his cryptocurrency promotion of CryptoZoo, claiming losses of over $4.2 million.

The lawsuit centers around CryptoZoo, an online trading card game that Paul marketed, where users buy Zoo Tokens to purchase NFT 'eggs' that are supposed to generate passive income.

Investors have reported losses due to the project's failures, with claims of insider trading based on communications among the CryptoZoo team.

Lawyer Tom Kherkher has alleged that Paul engaged in insider trading by allowing his team to purchase Zoo Tokens at a lower price before public sales began.

Despite generating $18.5 million from users and investors through CryptoZoo, Paul’s refund offer is contingent on investors agreeing not to pursue further legal action.

Efforts by the BBC to interview Paul were complicated by unusual events, including the appearance of a lookalike and protests from his supporters.

In his documentary '5 Months with Logan Paul', he defended CryptoZoo against scam allegations, while also acknowledging that some claims had merit.

Allegations against Paul include questionable cryptocurrency trades and ethical concerns regarding his endorsements of high-risk tokens, such as Elongate and Dink Doink, as well as his NFT project CryptoZoo.

In an attempt to address investor concerns, Paul announced a 'buy back' program for NFT investors, offering to repurchase NFTs at their original price, provided investors waive their right to sue.