YouTuber Logan Paul argues in his new documentary that CryptoZoo is ‘not a scam’.

YouTuber Logan Paul has argued that the CryptoZoo project that caused many investors to lose money was not a scam.

In a new documentary, 5 Months with Logan Paul, journalist Graham Bensinger sits down with Paul to get his side of the story on the CryptoZoo nonfungible token (NFT) gaming project.

As the two men discussed the many lawsuits against the Internet celebrity, Bensinger reiterated that Paul's exposure “made people lose money.”

Paul admits that there is an element of truth in the statement. However, YouTube has argued that it is not cheating. Paul added:

“Everything you just said has an element of truth to it. Herein lies the problem. What you just described is not a scam. I started a project that I couldn't handle at the time.

Paul argued that he had lost money on the project, implying that he himself was a victim. “I ain't got no money, bro. I lost half a million dollars on this. Where is the fraud?”

YouTube said in the documentary that it had suicidal thoughts because of the CryptoZoo project. “I had suicidal thoughts for the first time in my life. I was spinning,” he said.

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In addition to his attempts to debunk crypto, he also “takes care” of people who made crypto appear to be a scam by him, he said in the documentary. he said:

“The CryptoZoo saga is far from over because it was a one-sided story. He [Coffeezilla] He told him how he wanted to tell him and told him the way he made me look like the captain of the ship.

This is not the first time that Paul has promised to take action on what he said about CryptoZoo. In the year In January 2023, Paul threatened legal action against YouTube journalist Stephen Findison – also known as Coffizilla – after Findison published a piece on the project.

However, Paul backtracked on his threat and apologized to Findison days later.

That same month, Paul announced a $1.5 million recovery plan for those affected by the failed project. However, it took a year and a class-action lawsuit before the return plan was implemented.

In the year In February 2023, disgruntled investors filed a class-action lawsuit against CryptoZoo and Paul, alleging that the venture pulled the rug. The plaintiffs allege that Paul and the project embezzled millions of dollars.

On January 5, Paul announced that he will begin the return program. However, it includes a catch: Users can only issue a refund if they waive any current or future claims against the YouTuber.

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