Three years in, the CryptoZoo class action isn't over — but it isn't winning easily either. A judge threw out all 27 claims, the plaintiffs came back, and the whole thing now hangs on a pending motion to dismiss.
Allegations Only · No Settlement Yet
This article describes a pending class action complaint. The statements below — including any reference to a "rug pull" — are unproven allegations from court filings and critics. No defendant has been found liable, no class has been certified, and there is nothing to claim at this time. This page is informational and is not legal advice.
What Is This About?
Holland v. CryptoZoo, Inc., No. 1:23-cv-00110, is a proposed class action filed February 2, 2023 in the U.S. District Court for the Western District of Texas (Austin Division) before Judge Alan Albright. It targets CryptoZoo — an NFT project the YouTuber and boxer Logan Paul announced in 2021, built around a native crypto token called ZOO. Buyers used ZOO to purchase NFT "eggs" that were supposed to "hatch" into animal NFTs that could be bred and, per Paul's promotion, generate returns. The complaint alleges the game never functioned as advertised and that buyers were left with worthless assets. Critics — most prominently the online investigator Coffeezilla in a December 2022 series — described the project as a "rug pull." Every such characterization is an allegation, not a finding; no court has adjudicated it.The named defendants include CryptoZoo, Inc., Logan Paul, and several associates connected to the project. The lead plaintiff sues on behalf of a proposed class of people who bought ZOO tokens and CryptoZoo NFTs; the lead plaintiff pleads a personal loss of roughly $3,000. No class has been certified, and — importantly — the case has not produced a settlement or any fund.
The Allegations
According to the complaint, defendants promoted CryptoZoo through Logan Paul's large online platforms — including his podcast — to an audience that plaintiffs say was largely unfamiliar with crypto, and tens of thousands of people bought in. Plaintiffs allege the promised game was never delivered in working form and that the market for the ZOO token was manipulated to defendants' advantage. Widely reported figures, which should be treated as reported rather than court-adjudicated, put the amount raised at over $6.5 million and describe the ZOO token as briefly reaching a market value in the billions before collapsing. The operative complaint the court ruled on brought 27 counts spanning fraud, breach of contract, unjust enrichment, negligence, state consumer-protection theories, and federal securities and commodities theories.Logan Paul has consistently denied wrongdoing. In a related twist within the same case, he brought a crossclaim in early 2024 against two co-defendants, alleging that they were the ones who defrauded and sabotaged the project and personally profited from secret token sales, while he says he never sold a ZOO token and lost more than $1 million himself. Those are his allegations, and in mid-2025 the court rejected his attempt to shift the class-action blame onto the co-founders. None of these competing claims has been proven.
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The October 2025 Dismissal — and Why It Wasn't the End
The turning point came in the fall of 2025. After a magistrate judge issued a lengthy report recommending dismissal, Judge Albright on October 29, 2025 dismissed all 27 claims. Twenty-six counts were dismissed with leave to amend — meaning plaintiffs were allowed to try again with a better-pleaded complaint — while one count, a commodity-pool-fraud theory, was dismissed with prejudice. The court reasoned that several of Logan Paul's promotional statements (for example, describing CryptoZoo as "a really fun game that makes you money") were non-actionable puffery, and that plaintiffs had not adequately alleged he knew the project would fail or was enriched by it. Two individual defendants were dismissed for lack of personal jurisdiction, and claims against another associate were dismissed without prejudice.A dismissal with leave to amend is not a final defeat. Plaintiffs filed a Second Amended Complaint on November 12, 2025, re-pleading their case. Logan Paul responded on January 30, 2026 with a new motion to dismiss that complaint. The parties finished briefing it in the spring of 2026, and as of this writing the motion is fully briefed and pending before Judge Albright, with no ruling yet. That pending motion is the live question: whether the re-pleaded complaint clears the bar the court set in October, or whether the claims are dismissed again.
The Buy-Back Was Separate — and It's Closed
Readers often confuse the lawsuit with Logan Paul's buy-back program, but they are different things. In January 2024, Paul announced he would spend up to $2.3 million of his own money to buy back eligible CryptoZoo assets — specifically base "eggs" and base "animals," at 0.1 ETH each. ZOO tokens were expressly excluded, so the program did not compensate people for token-market losses, and participants had to sign a release waiving their legal claims against Paul to take part. The buy-back had a February 8, 2024 deadline and was completed around March 2024, reportedly distributing more than $1 million in ETH to eligible holders. It is closed, it is not part of the class action, and it is not something to sign up for now.One point worth correcting because it circulates online: Logan Paul was not charged by the SEC over CryptoZoo. A 2023 SEC action over celebrity crypto promotion involved different tokens and different people; conflating it with CryptoZoo is inaccurate.
What Happens Next
The immediate milestone is Judge Albright's ruling on the pending motion to dismiss the Second Amended Complaint. If the court denies the motion, the case moves forward and discovery — currently stayed — can resume. If the court grants it, the outcome will turn on whether dismissal is again with leave to amend or, this time, with prejudice. Either way, there is nothing for class members to do right now: no class has been certified, and no settlement exists. Anyone following the case should watch the docket for the court's decision.For related coverage of the people and disputes around CryptoZoo, see OCA's report on the Logan Paul v. Coffeezilla defamation case — the separate lawsuit Paul brought over Coffeezilla's CryptoZoo videos.
Frequently Asked Questions
What is the Logan Paul CryptoZoo lawsuit about?
Holland v. CryptoZoo, Inc. is a proposed class action filed in 2023 alleging that Logan Paul and others promoted CryptoZoo — an NFT project built around a ZOO token — to consumers, and that the game never worked as advertised. Plaintiffs and critics have described it as a rug pull. Those are allegations; no defendant has been found liable, and the characterizations are unproven.
Was the CryptoZoo lawsuit dismissed?
In October 2025 the court dismissed all 27 claims in the operative complaint. Twenty-six were dismissed with leave to amend, meaning plaintiffs could try again, and one count was dismissed with prejudice. The court found several of Logan Paul's promotional statements amounted to non-actionable puffery. Plaintiffs then filed a Second Amended Complaint, which Logan Paul has again moved to dismiss.
What is the current status of the case?
As of mid-2026 the case is still active. After plaintiffs re-pleaded, Logan Paul filed a new motion to dismiss the Second Amended Complaint. That motion is fully briefed and pending before U.S. District Judge Alan Albright in the Western District of Texas; no ruling had been issued as of this writing. No class has been certified.
What was the CryptoZoo buy-back, and can I still join it?
Separate from the lawsuit, Logan Paul announced in January 2024 a buy-back pledging up to $2.3 million of his own funds for eligible base CryptoZoo eggs and animals at 0.1 ETH each. ZOO tokens were excluded, and participants had to sign a release waiving legal claims against him. That program had a February 8, 2024 deadline and was completed around March 2024, so it is closed. It is not part of the class action and is not something to claim now.
Can I claim money in the CryptoZoo class action?
No. This is a proposed class action that has not been certified, there is no settlement and no settlement fund, and there is nothing for the public to claim. If a class is ever certified and a recovery is ever reached, purchasers would be notified through the court process.
Sources
• CourtListener — Holland v. CryptoZoo, Inc., 1:23-cv-00110 (W.D. Tex.)• Bloomberg Law — coverage of the October 2025 dismissal
• CoinDesk — the original class action filing
• NBC News — Logan Paul's CryptoZoo buy-back announcement
