Logan Paul sold a Pokemon card for a record $16.5 million, reigniting criticism over his 2022 decision to fractionalize ownership of the card on Liquid Marketplace before the platform went offline, leaving investors scrambling for returns. Only 5.4% of the card was fractionalized to owners who paid about $270,000, Paul noted, adding that he funded the restoration of the platform to allow users to withdraw their funds. Paul is not named in the lawsuit brought by the Ontario Securities Commission in Canada in June 2024. The broader NFT market has lost over 50% of its capitalization, falling from $3.2 billion to $1.55 billion.
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