Stephen Findeisen, more commonly known as “Coffeezilla” on YouTube, responded to internet celebrity Logan Paul’s lawsuit through a video and said that the “groundless” defamation lawsuit may be an attempt to silence another investigation.
On July 27, Paul sued Coffeezilla for defamation over videos about the YouTuber’s non-fungible token (NFT) project, CryptoZoo. The suit alleges that Findeisen published false statements accusing Paul of operating a scam.
On Aug. 5, Findeisen clarified that he is not bing sued over his original videos about the CryptoZoo projects. However, the internet detective said he is being sued over videos and an X post advocating for user refunds.
Coffeezilla says Paul’s lawsuit is groundless
On Jan. 4, Paul shared a site that allows CryptoZoo NFT holders to get their money back through a $2.3-million buyback program. The celebrity said that he would repurchase the NFTs at their original price. However, Findeisen pointed out that there is an ulterior motive behind the move, as users need to waive their claims against Paul if they go through with the refund process.
Findeisen also believes that the refund process only addresses the NFTs and does not make users who purchased Zoo tokens whole. In the video, Findeisen reiterated that Paul only intends to pay back a small part of the losses while fighting off the other victims in court.
The internet detective also described the lawsuit as “groundless, meritless and frivolous.” Findeisen argued that for the lawsuit to be valid, Paul must have suffered financial losses or reputational damage. The online investigator alleges that Paul had already been accused of pump-and-dump schemes before publishing his investigation on the celebrity.
Related: YouTuber Logan Paul argues CryptoZoo ‘isn’t a scam’ in new documentary
Silencing a new investigation
Because of these, Findeisen believes the lawsuit’s purpose is to silence any future investigations and take revenge on the previous ones. The investigator said that the lawsuit came as he requested comments from Paul regarding the celebrity’s involvement in the Liquid Marketplace saga.
On June 24, the Ontario Securities Commission in Canada accused the marketplace, which was co-founded by Paul, of being a “multi-layered fraud.”
“This defamation lawsuit feels frivolous even on the surface. But if you dig deeper, there’s an even more compelling story which I personally believe, where the goal is to crush new investigations while taking revenge for the old ones,” Findeisen explained.
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