TL;DR
- Logan Paul addresses accusations of money losses related to his CryptoZoo project in a new documentary.
- The YouTuber denies CryptoZoo being a scam, arguing it was a project he was unprepared to handle.
- Logan reveals personal struggles, including suicidal thoughts, due to stress from the project and claims to have lost a significant amount of money in it.
The popular YouTuber Logan Paul and his controversial project CryptoZoo are once again in the spotlight. In a new documentary titled “5 Months with Logan Paul,” journalist Graham Bensinger sat down with Paul to discuss his side of the events related to CryptoZoo, an NFT-based gaming project that resulted in losses for many investors.
Paul was forced to address accusations that his involvement in CryptoZoo led people to lose money. While acknowledging some truth to these accusations, he emphatically stated that CryptoZoo was not a scam. He argued that the project was something he was not prepared to handle.
Logan Paul Faced Serious Personal Issues After CryptoZoo
During the interview, the YouTuber also revealed some personal details, including suicidal thoughts he experienced as a result of the stress and pressure generated by CryptoZoo’s outcome. Additionally, he claimed to have lost a significant amount of capital in the project. Portraying himself as another victim of the failed outcome.
In addition to defending against accusations. He pledged to take steps to assist those who lost money with CryptoZoo. And to address what he views as a biased and one-sided narrative presented by certain journalists who have publicly criticized him.
In January 2023, he threatened legal action against YouTube journalist Stephen Findeisen. Also known as Coffeezilla, for reporting on the project. However, Paul eventually retracted his threats and apologized to the journalist.
It is worth noting that Logan announced a $1.5 million recovery plan for those affected by the project. However, the plan took a year to implement and was only carried out after a class-action lawsuit filed by disgruntled investors.
The lawsuit in question was filed in February 2023. It alleged that the project had conducted a “rug pull” and had stolen millions of dollars from investors.
