• Logan Paul, a YouTube influencer, is being sued for allegedly instigating a crypto and NFT fraud scheme.
• The lawsuit was filed by Houston based attorney firms Tom & Associates and Ellzey & Associates on behalf of Don Holland, a Round Rock police officer that fell victim to the scam.
• Paul denies he had anything to do with the mishaps occurring with the platform and Tom Kherkher of Tom & Associates will be looking into turning this case into a class-action suit.

Logan Paul Sued Over Alleged NFT Fraud

A YouTube influencer, Logan Paul, is being sued at the time of writing for allegedly instigating a crypto and non-fungible token (NFT) fraud scheme. The lawsuit was filed by Houston based attorney firms Tom & Associates and Ellzey & Associates representing Don Holland, a Round Rock police officer that fell victim to the scam.

Details of Crypto Zoo

Crypto Zoo was an online platform where customers could purchase in-game NFTs which they could then use to garner items in an interactive game. Holland claims in court documents that many of the individuals involved in establishing the game made their own in-game purchases without informing users of the platform and sold them for profit. Additionally, some NFTs purchased by users did not lead to any rewards or profits while developers suddenly stopped creating new ones without any notice.

Statement from Ellzey & Associates

A spokesperson for Ellzey & Associates released a statement claiming that Logan Paul promised a product (this NFT ecosystem) as an investment game that would make players money but there actually was no product or plan established when words were spoken to unsuspecting consumers who invested millions collectively into Crypto Zoo.

Paul’s Denial

Paul responded by denying he had anything to do with the mishaps occurring with Crypto Zoo saying: “I know I never scammed anybody, never made any money, never sold any tokens”. He feels he is being used as a scapegoat for other people’s financial decisions.

Class Action Suit?

Tom Kherkher of Tom & Associates stated his team has begun discussing this case with alleged victims from all over the world about turning it into class action suit in order to get justice for those affected by this fraud scheme.

• MinePlex, a Singapore-registered cryptocurrency company, has refuted claims of illegal activities and lack of working product made by Vietnamese TV channel VTV. The company plans to take legal action in response.
• The company is registered in Singapore as MINEPLEX PTE. LTD and has brought to market working Blockchain-based products such as Explorer, Wallet, Payments, Finance, Marketplace and more.
• In 2021 MinePlex was recognized as a top blockchain project by International Business Times , named Top Digital Finance Company 2021 by Seeking Alpha, and ranked first among top crypto projects that year by Cointelegraph.

MinePlex Refutes Claims of Illegal Activities

Singapore-registered cryptocurrency company MinePlex denies all allegations of illegal activities made against the company by Vietnamese TV channel VTV. The company plans to take legal action after VTV accused MinePlex of illegal activities. „We are saddened and disappointed that such a major Vietnamese TV channel has neglected the basic principles of journalism and didn’t verify and clarify the content before publishing subsequent articles that caused confusion, affecting our honor and reputation,“ said a spokesperson for the company.

Operations & Services Provided

MinePlex is a new generation digital ecosystem that creates advanced and modern payment solutions based on traditional financial, blockchain and digital application technologies. Currently, MinePlex’s main financial partner is a major Brazil-based bank. Operating since 2020, MinePlex has brought to market working Blockchain-based products such as Explorer, Wallet, Payments, Finance, Marketplace and more. „Already 2.5 years ago, the MinePlex technology was recognized as unique in the world media,“ said Fyodor Bogorodsky (CFO). The Mineplex blockchain is based on work of two tokens: one mines the other written in mathematical algorithm which cannot be interrupted in any way by the company itself or third party services/individuals involved with it’s operations or services provided within it’s ecosystem or platform(s).

Recognition & Achievements

In 2021 MinePlex was recognized as a top blockchain project by International Business Times , named Top Digital Finance Company 2021 by Seeking Alpha ,and ranked first among top crypto projects that year by Cointelegraph .Furthermore its blockchain was checked & verified last year (2022)by international cybersecurity firm CertiK who also completed KYC check on team members using their services at this time .

Price Assumption Made By CFO

Mineplex notes that an assumption made about future price growth for PLEX token (made previously by CFO)was taken out of context & not meant to guarantee or promise anything but merely an assumption & prediction about future potential value/price increase for this token .

Conclusion

In conclusion due to its legal bases given from registration & operating conditions set forth from local authorities within Singapore along with recognition from major news outlets /publications regarding it’s technology capabilities & achievements made throughout previous years gives clear evidence towards refuting accusations placed against this particular Crypto Company while also showcasing transparency with it’s operations & services rendered within its platform/ecosystem much like many other companies providing similar types of services within this space today .

What is Crypto Halal?

• Crypto Halal is a report designed to decide which cryptocurrencies are compatible with Sharia Law.
• The paper identifies 56 assets as halal and 50 assets as haram.
• Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are all classified as halal.

Cryptocurrency and Islamic Law

Cryptocurrencies have raised many questions among Islamic scholars regarding its compatibility with Sharia Law – the religious code of conduct that Muslims must follow. There is concern surrounding interest payments, economic speculation, and whether or not it can be used in a way that satisfies the intrinsic value requirement of a currency according to Islamic law. This has led to the development of an open-source paper called “Crypto Halal: An Intelligent Decision System for Identifying Halal and Haram Cryptocurrencies” by Arab computer science researcher Shahad Z. Al-Khalifa at King Saud University’s College of Computer and Information Sciences.

The Purpose of Crypto Halal

The purpose of this paper is to decide which assets out there fall into the halal category – meaning they’re usable according to Islamic law – or haram, meaning they’re forbidden from being utilized. To date, there are no published datasets that contain the classification of cryptocurrencies as halal or haram yet after reading the report about 56 currencies were identified as halal while another 50 were deemed harmful.

Major Assets Classification

Major assets around the world such bitcoin, Ethereum and Dogecoin have been classified as halal while other digital coins such Shiba Inu token, Alpha and PancakeSwap are considered haram due to their high risk nature or lack of regulation compliance with Sharia law. The report also states that if most of its high-priority features are satisfied then it would most likely be compliant with Sharia but still needs further investigation before being approved by Islamic scholars for use within their communities.

Conclusion

In conclusion, Crypto Halal is a great tool for determining which cryptocurrencies are compliant with Sharia law so Muslims can confidently invest in them without worrying about going against their religious beliefs. It provides users with much needed clarity on which digital coins can be used safely within their communities while still allowing them access to modern financial solutions like cryptocurrency investments.