Don't Know Much About Money: With More Americans relying on TikTok for financial advice, what could go wrong?
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YouTuber Stephen "Coffeezilla" Findeisen released an eye-opening investigation earlier this year into Logan Paul's CryptoZoo, an NFT blockchain project that Paul, a wannabe-rapper-boxer-philosopher, described as "a really fun game that earns you money."
Shockingly, the whole thing turned out to be a scam, but not before the game's "players," who were generally young men, wound up losing millions of dollars. Paul is now the defendant in a class action lawsuit from CryptoZoo players, but why did so many people go along with it in the first place? It doesn't seem like a stretch to believe that a lack of financial literacy contributed to their victimization. CryptoZoo just sounds like something to stay far away from -- if you're at least somewhat financially literate.
Source Fool.com
