American YouTuber Logan Paul faces new accusations related to his activities on the cryptocurrency market. The BBC has presented evidence suggesting Paul promoted meme coins without disclosing his financial interest.
New Investigation by BBC
A report published by the BBC on November 20 indicates that the team found new evidence suggesting Logan Paul promoted investments without revealing his financial interest.
Meme Coin Promotions and Quick Sales
Paul promoted several meme coins, including Elongate, whose prices surged by 6000% following his endorsement before crashing. An anonymous wallet, allegedly linked to Paul, reportedly gained $120,000 from selling the tokens. Other instances showed similar patterns with coins Paul talked about seeing price spikes followed by token sales.
Logan Paul's Claims and Reactions
The BBC attempted to contact Paul for an interview without success. Paul has addressed some of the accusations by blaming other team members and initiating a buy-back plan for CryptoZoo NFTs.
As Logan Paul has not yet provided official comments on these new allegations, investigations into his cryptocurrency activities continue. His legal team has denied all charges.
