protos.com
A crypto influencer who called Logan Paul the “biggest moron I’ve ever had the pleasure of doing business with” says he avoided a lawsuit from the YouTube star after his lawyers advised him it could turn into an ongoing issue that could cost him millions.
Jake Greenbaum worked with Paul on the controversial $NFT CryptoZoo game. The project was a complete failure and led to a series of lawsuits against Paul, Greenbaum, and the project’s team in February 2023.
However, on the same day that Paul offered a buyback plan for investors in January 2024 — an act lawyers suing him called a ‘sneaky trick’ — he also filed a lawsuit against Greenbaum and Eduardo Ilbanez, accusing them of insider trading.
Greenbaum told the DailyDot his attorney’s advice was to ignore Paul’s lawsuit as “Logan is a very wealthy individual chasing attention and can file 100 counterclaims and lawsuits the minute you respond.”
Read more: Logan Paul fight can make $NFT holder $300K as CryptoZoo victims left on ice
Because of this, Greenbaum claimed, “If you default he can’t collect anything from you because you don’t have cars/houses. If you respond it’ll be 6-7 figures in legal and an ongoing case.”
Greenbaum disputes Paul’s accusations, calling them “completely false” and an attempt from Paul to defer any blame.
On June 16, a default judgment was submitted against Greenbaum. Paul’s legal team responded by requesting a 90-day discovery period to determine the cost of damages against Paul. They refused to comment on Greenbaum’s legal strategy.