Did you hear about Logan Paul and the crypto stuff? People are saying he tricked his fans!

Yes, it’s all over the news. He promoted risky crypto tokens and didn’t tell people he might profit from it.

Wait, so he made money from his followers buying the coins he talked about?

Exactly. The BBC found evidence that he used a secret wallet to buy tokens before promoting them, then sold them after the price went up.

That sounds so shady! What kind of tokens were these?

Mostly meme coins—cryptocurrencies inspired by jokes or internet memes. They don’t have real value and can lose everything quickly.

Like when he said 'Elongate made me rich'? Was that one of the coins?

Yes, he promoted Elongate, which spiked in price after he mentioned it. But the price crashed soon after, and many people lost money.

And now he’s getting sued for something called CryptoZoo? What’s that about?

CryptoZoo was supposed to be a game where people bought NFTs, like digital eggs, that could hatch into hybrid animals to earn more tokens.

Did it work?

Not really. The project was full of problems, and the value of the NFTs and tokens dropped. Many investors lost thousands of dollars.

Ouch. So, why are people so mad at him?

Because leaked messages suggest he and his team planned to profit secretly by buying tokens early and selling them after the price went up. That’s called insider trading.

Wow, that sounds illegal. Did he admit to it?

No, he denies any wrongdoing and blames the team he worked with. But he did offer to refund some investors who bought the eggs, as long as they don’t sue him.

That doesn’t seem fair. What about those meme coins? Shouldn’t he have told people he owned them?

Yes. According to the SEC, celebrities must disclose if they own or are paid to promote crypto. Not doing that is misleading.

Like when Kim Kardashian got fined for promoting EthereumMax, right?

Exactly. She paid over a million dollars in fines for not disclosing her financial ties to it. Influencers can’t just push crypto for their own gain.

It’s crazy how much trust people put in influencers. What’s going to happen to Logan Paul now?

He’s facing lawsuits, and his reputation is taking a hit. But he’s still popular and making money from things like his Prime drink and wrestling.

I guess this is a lesson—don’t trust everything influencers say, especially about money.

Absolutely. Always do your own research, especially in crypto. It’s risky, and not everyone has good intentions.