Logan Paul has distanced himself from his tokenization agency after he was branded a scammer for not giving customers a reduce of the earnings from his $16 million Pokemon card public sale.
His record-breaking public sale noticed the cardboard offered to AJ Scaramucci, son of Skybridge Capital founder Anthony Scaramucci.
Nevertheless, customers on X have been fast to remind Paul that he as soon as pitched the Pikachu Illustrator card to traders of his tokenisation agency, Liquid MarketPlace, as an asset they may co-own.
That is regardless of the phrases and situations stating in any other case.
Two years later, the Ontario Securities Fee (OSC) launched authorized motion in opposition to the agency, calling it a “multi-layered fraud.”
It claimed that its executives misappropated $3 million by shifting it to their shell firms and spending the funds on watches, spas, and different luxurious items.
AJ Scaramucci reveals he’s beginning a “planetary treasure hunt” after spending $16.49M on the Pikachu Illustrator
“My ambition for the cardboard is only a small story. The true story is that I’m on a planetary treasure hunt. I’m planning to purchase a T-Rex dinosaur fossil, the… pic.twitter.com/n69FQVGqsH
— Mikli (@CryptoMikli) February 16, 2026
AJ Scaramucci spent $16.49 million shopping for Logan Paul’s Pokémon card and the diamond necklace it got here with.
Notably not current on this authorized motion, nevertheless, is Logan Paul. Certainly, final December, Paul claimed that he’d repurchased the cardboard from Liquid Market and that afterwards, he had no “involvement or insight” with the regulatory scrutiny as “it does not relate to me.”
Customers have been additionally struggling to withdraw their funds from the agency however final Wednesday, Paul acknowledged that unclaimed funds can now be withdrawn
Paul gave his “facts” on the cardboard’s possession at this time by roughly repeating what he stated in December. He added that out of the supposed 51% of possession rights up on the market, traders solely spent $270,000 shopping for 5.4%.
What he didn’t point out was the enforcement proceedings introduced by the OSC.
“For reasons outside of my control, the LM site then went offline. When I learned users could no longer withdraw their funds on LM’s site, I personally paid to get the site back up,” he stated.
Paul reiterated that funds can now be withdrawn and wrapped up by congratulating Scaramucci. He stated, “Although bittersweet, I was proud to be a steward of the greatest collectible in the world for the last five years.”
The publish solely has two replies congratulating Paul, as he’s disabled feedback from customers he doesn’t comply with. Individuals quote tweeted the publish, nevertheless, continued to name him a scammer.
To prime it off, within the eyes of the streamer “Mizkif,” the cardboard itself is a rip-off.
He believes Paul has managed to get it regraded twice and that, just because he’s Logan Paul, it’s been pushed from a PSA score of 8, to a ten. That is the classification system that grades the standard of the cardboard.
Mizkif stated, “If you get this regraded, not as Logan Paul, it’s an 8, 8.5. It’s not that good of a card.”
