Logan Paul Recalls Having Suicidal Thoughts After CryptoZoo Scam – ‘Had A Mental Breakdown’

March 30, 2024
3 weeks
Logan Paul Recalls Having Suicidal Thoughts After CryptoZoo Scam - 'Had A Mental Breakdown'

Logan Paul recalled having suicidal thoughts over his during his CryptoZoo scandal.

According to reports, fans had lost millions of dollars after investing in his crypto coin. Paul had encouraged his fans to purchase crypto collectables, stating it was a ‘fun game’ allowing people to make money. More than a year had passed before Paul decided to ditch the venture. Youtuber Coffeezilla accused Paul of scamming his fans, leaving Logan to feel the backlash. Now that he has looked back at the incident, he recalled going through some dark moments.

Paul Reacts

“It was the scam allegations. The pit of despair I was in over Christmas time was caused by a YouTuber accusing me of scamming. I had a bit of a mental breakdown one night and I was in a pretty dark spot. For the first time in my life, I was having suicidal thoughts.

“I’ll never kill myself, ever, but the fact that my brain got to that spot and I’m imaginative and I can see things pretty vividly in my head — it’s why I like creating videos, I can see the final product before I put it on the screen….I was spiraling. I’m just crying, sobbing.

“I’m seeing this, I know me, I’m not a scammer. I would never scam anyone. A, I don’t have to, and also, B, I’m hyper-cognizant that I’m only in the position that I’m in because of my fans. I made this game with the purest of intentions, but the people that we put in place to create it — this guy named Eddie [Ibanez] and an advisor we had named Jake [Greenbaum] — both turned out to be lying scumbags,” Paul said 

McMahon’s Troubles

Elsewhere, Vince McMahon has reacted to his federal investigation into sex trafficking by selling more shares in TKO Group Holdings Inc.

McMahon faces a massive battle following a lawsuit by Janel Grant. She was an ex-WWE employee who alleged McMahon had sexually assaulted her, trafficked, and abused her. Grant states she was given the chance to work on the condition of providing sex. She also claims she was trafficked to other men. Vince denied the claims as he resigned as Executive Chairman of TKO.

“Out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all of the employees and Superstars who helped make WWE into the global leader it is today, I have decided to resign from my executive chairmanship and the TKO board of directors, effective immediately,” McMahon said

Vince has now sold nearly 3.5 million shares from TKO. The Securities and Exchanges Commission stated it is worth approximately $100 million. McMahon had sold shares for the first time last year, earning close to $670 million.

A further sale happened, giving him nearly $408 million. The total share sales added to over $1.17 billion. But with over 11.5 million shares still left, McMahon still has nearly $1 billion in shares based on the current market value. The latest share sales may indicate McMahon is preparing for a settlement.

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