Logan Paul found himself in the middle of the storm when he tried to launch CryptoZoo. The project failed irreversibly, and it gravely affected Paul’s public image as a credible businessman and influencer. He later explained the situation by claiming that he did not reap any profit from the failed project because there were people on the team who had sabotaged CryptoZoo. But the people who had bought the NFTs were still upset.

As a result, after almost a year, Paul decided to start 2024 with a noble step as he tried to repair the financial damage done to most people who bought CryptoZoo NFT. Even so, he is still not out of the woods yet.

Logan Paul rants about ‘Community Notes’ on Twitter

If you’re not already familiar with the concept, ‘Community Notes’ were introduced in 2021 to debunk misinformation. Since then, it has become an integral part of the social media platform ‘X’. However, Logan Paul has a problem with the fact-checkers for stamping his ‘rectification’ with what he claimed to be were “lies“.

In a recent tweet, the social media celebrity uploaded screenshots of two Community Notes surrounding his NFT buyback scheme. One of them criticized it for not being a good ‘refund’ scheme. This is when Paul decided to take matters into his own hands.

He clarified, “This is not a refund. A refund implies that I made money and I’m paying it back. As stated in my post, I didn’t make A SINGLE PENNY from CryptoZoo. The $2.3M I’ve committed is coming from my pocket, not profit.” In the end, Paul also said, “The post does not extend to the token because the token was “not intended as an investment vehicle,” nor did it serve a purpose outside of the game, which was never delivered and thus I take accountability, hence the buyback.”

Some additional details regarding Logan Paul’s buyback

The reigning United States Champion is having to pay $2.3 million from his own pocket. Since he claims to have not made a single penny from the project, this will cause him a great loss. However, the YouTuber-turned-boxer seems to be wanting to do the ‘right’ thing in this situation.

READ MORE:- WWE United States Champion Logan Paul Begins 2024 With a Solution to Rectify His 2023 Scandalous “Investment”

According to Paul, he will be buying back only the amount invested in the NFTs and not the tokens as the latter were not the ‘investment vehicle’. As per the businessman himself, there has been a total NFT sale worth 1000 Eth (Ethereum), which when converted to USD, will correspond with the amount that Paul has to pay back. As of now, 1000 Eth is valued at USD 2.24 million.

What do you think about Paul’s backlash against Community Notes? Are they right or is Paul in the right to defend himself?

WATCH THIS STORY:- All You Need to Know About Logan Paul vs. Dillon Danis Fight