In a new documentary entitled “5 Months with Logan Paul,” YouTuber Logan Paul has argued that the infamous CryptoZoo project, is not a scam. The documentary, featuring journalist Graham Bensinger, explores Paul’s perspective on the CryptoZoo NFT gaming project, which caused investor losses but was not deemed a scam.
Bensinger confirmed that Paul’s participation caused financial losses for people. The YouTuber admitted there was an element of truth to the statement but maintained that it was not a scam. Paul claimed he also lost money in the project, saying, “I didn’t make any fucking money, bro. I’ve lost half a million dollars on this. Where is the scam?”
The YouTuber also revealed that the CryptoZoo project led him to have suicidal thoughts, stating, “For the first time in my life, I was having suicidal thoughts. I was just spiraling.”
Apart from attempting to counter allegations, Paul promised to “take care” of those who made CryptoZoo look like a scam caused by him. This isn’t the first time Paul has threatened legal action against those reporting on the project; in January 2023, he threatened to sue YouTube journalist Coffeezilla after his piece on CryptoZoo.
In the same month, Paul unveiled a $1.5 million recovery plan for those affected by the failed project. However, it took a year and an action lawsuit before the buyback plan was implemented. Users could only receive a refund if they agreed to give up any present or future claims against the YouTuber.
In February 2023, displeased investors filed a class-action lawsuit against CryptoZoo and Paul, alleging that the venture performed a rug pull and stole millions of dollars.
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