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Logan Paul Gets Countersuit Warning From Coffeezilla For ‘Highly Defamatory’ Image On YouTube: ‘Can’t Get Over The Fact That…’

YouTuber and self-professed crypto scam investigator Coffeezilla has finally responded to Logan Paul’s threat to “sue” him after the former released a thre
byMehab Qureshi
January 5, 2023
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YouTuber and self-professed crypto scam investigator Coffeezilla has finally responded to Logan Paul’s threat to “sue” him after the former released a three-part series covering Paul’s CryptoZoo project and its alleged downfall. 

What Happened: In a tweet posted on Wednesday late evening, Stephen Findeisen — better known as Coffeezilla — said If Paul sues him, he is counter-suing him based on “a highly defamatory image” posted by Paul in a recent video.

Paul on Tuesday posted a seven-minute YouTube video refuting Coffeezilla’s accusations and threatening legal action for not only misinforming the public but for publicizing an “illegal recording” of his manager, Jeff Levin.

See More: Best Crypto Day Trading Strategies

Coffeezilla scoffed at Paul, recalling that Paul publicly backed him through his Patreon, even praised his “work ethic” and “creativity”, only to then turn around and take him to court.

Paul slammed Eddie Ibanez as a “professional conman.” He added that neither he nor his manager, Levin, profited from the CryptoZoo project and that they “lost money trying to pick up the pieces.”

NFTs are digital assets that are unique, indivisible, and permanently recorded on a blockchain like Ethereum (CRYPTO: ETH), Polygon (CRYPTO: MATIC), Solana (CRYPTO: SOL) and many more.

Price Action: At the time of writing, ETH was trading at $12,544, up 2.7%, in the past 24 hours, according to Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin Rise On Fed’s Mostly Bullish Tone: Analyst Sees More Consolidation For Apex Crypto

 
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CBD Giant’s Challenging Year: Q4 Net Sales Slide By 27% But Net Loss Narrows 67% YoY

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cbdMD reported a 27% year-over-year drop in net sales for the fourth quarter of 2023, totaling $5.7 million. The company attributed the decline to industry trends, reduced marketing spend, and lower wholesale pricing for its new high-strength products. For the full fiscal year 2023, net sales reached $24.2 million, down from $35.4 million in the previous year. Gross profit for the year was approximately $15 million, a decrease from $22.3 million in fiscal 2022. The company reported a net loss of about $23 million, compared to $70 million in 2022. Operating expenses fell to $24.2 million from $40 million in the prior year. cbdMD's working capital on September 30, 2023, was $3.4 million, down from $10.7 million on the same date in 2022. The company also launched its hempMD and ATRx brands in 2023, expanding its product channels into Amazon and other consumer products channels.

YCBD