Logan Paul Counters CryptoZoo Scam Claims in New Documentary

Logan Paul defends CryptoZoo and promises to โ€œtake careโ€ of the people who made the project look like a scam.

Logan Paul in wrestling gear on top of a golden egg
Created by Gabor Kovacs from DailyCoin
  • Logan Paul has told his side of the story on CryptoZoo.
  • The internet celebrity spoke in a new documentary.
  • Paul said he would โ€œtake careโ€ of the people who made the project look like a scam.

While featuring in a new documentary by journalist Graham Bensinger, YouTuber Logan Paul once again defended his failed CryptoZoo project, saying it โ€œisnโ€™t a scam.โ€

Paulโ€™s rocky escapade with his defunct NFT-based game started last year when blockchain detective Coffeezilla created a multi-part video expose titled Investigating CryptoZoo. In the expose, Coffeezilla chronicles the project’s rise and ultimate fall, presenting evidence that Paul and his team might have conducted their โ€œbiggest scam.โ€

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While Paul seemingly took accountability, pledging a $2.3 million buyback plan on January 4 to compensate for losses endured by NFT traders, the controversial internet star had another story to tell.

Paulโ€™s Side of the Story on CryptoZoo

Titled 5 Months with Logan Paul, the 54-minute documentary tackles various allegations levied against the internet star. Bensinger stresses how the failed CryptoZoo project โ€œled people to lose money.โ€

Without dismissing the fact that people lost money, Paul argued that the project was not a scam.

โ€œEverything you just said has an element of truth to it. Hereโ€™s the problem. What you just described isnโ€™t a scam. I took on a project that I was simply incapable of handling at the time,โ€ Paul stated. โ€œIโ€™ve lost half a million dollars on this. Where is the scam?โ€

Paul stated that the CryptoZoo saga โ€œis far from over because it was a one-sided storyโ€ and that he would โ€œtake careโ€ of the people who made it look like a scam he engineered.

โ€œHe [Coffeezilla] told it how he wanted to tell it and told it a certain way that made me look like the captain of the ship.โ€ Paul said.

Besides countering the scam allegations, Paul implied that he was a victim of CryptoZoo, too, claiming the projectโ€™s predicaments led him to โ€œhaving suicidal thoughts for the first timeโ€ in his life.

Stay updated on QuadrigaCX co-founder Michael Patrynโ€™s woes in Canada:

QuadrigaCX Co-founder Faces โ€œUnexplained Wealthโ€ Case in Canada

Read about the effect of Coinbaseโ€™s loss to SEC in court:

Coinbase Loses SEC Case Dismissal Bid: How Big Is the Blow?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

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Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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