HO HO HOLD UP?: Logan Paul Left A Lump Of Coal In His Liquid Marketplace Users’ Stockings This Christmas, Addressing Withdrawal Issues And A $5M+ Pikachu Card Controversy
- Kyle
- 11 minutes ago
- 3 min read
Ho ho hold up?
Popular YouTuber and Liquid Marketplace co-founder Logan Paul left a lump of coal in the stockings of his users this Christmas after addressing withdrawal issues on the platform and a growing scandal surrounding a PSA 10 Pikachu Illustrator card set to be auctioned at Goldin this February.
On Christmas Eve, Paul took to the timeline, with replies turned off, to address concerns surrounding Liquid Marketplace, a platform that allows users to buy and sell fractionalized ownership of rare collectibles via the blockchain. In his post, Paul claimed that user funds are safe and said holders of the PSA 10 Pikachu Illustrator would be compensated for their shares.
“As you may know, the PSA 10 Pikachu Illustrator was previously listed on Liquid Marketplace, where users could purchase tokens that, according to the company, represented fractional ownership interests in the card,” he wrote. “In May 2024, consistent with the platform's terms, I repurchased the card. I paid a substantial buyout amount to the platform, which was intended to be distributed to fractional owners based on their respective percentages. I was informed at the time that the funds had been distributed accordingly. Unfortunately, afterward, the company and some of its principals faced regulatory scrutiny — a process in which I have had no involvement or insight, as it does not relate to me. I recently learned that the platform also experienced operational issues, which affected user access to accounts and funds held on the platform. As a result, many Liquid Marketplace users have been unable to access their buyout proceeds or wallet balances, with no clear timeline for resolution. For those affected and unable to withdraw your funds: Please know that I am actively working with Liquid Marketplace to help ensure these funds can be released in the near future, just as intended when I repurchased the Illustrator in May 2024. Stay tuned for updates”
Following the statement, Paul was community noted on X, clarifying that he is not merely a user of Liquid Marketplace, but a co-founder. The note included a promotional announcement video from April 5, 2022.
“Introducing my next company, Liquid Marketplace (@LiquidMarketpl) — you can now own a piece of the rarest collectibles in the world,” he wrote at the time. “By fractionalizing expensive assets, we’ve essentially made it possible for ANYONE to own ANYTHING.”
At the time this article’s publication, Paul has not provided Liquid Marketplace holders with an update regarding withdrawals or the PSA 10 Pikachu Illustrator card, with many are openly accusing him of scamming on X.
“Bought the Pikachu for $5M • Fractionalized it to Liquid users • Put the Pikachu back on auction • Told the Pikachu fractional holders their ownership no longer counts and they’d be reimbursed • Reimbursement never happened,” NFT UNCs and Space Host Loki tweeted. “You don’t hate them enough.”
Recently Paul has been making media appearances promoting the upcoming auction of the PSA 10 Pikachu Illustrator card, including a recent appearance on Fox Business. During the segment, Paul discussed alternative assets and told the hosts about setting the Guinness World Record for the most expensive Pokémon card ever sold when he purchased the card in 2022 for $5.3 million.
