Logan Paul Comments Renew Focus on CryptoZoo
Logan Paul said he does not trust cryptocurrency and called it “a scam” during a podcast discussion about the Binance hack, according to Bitcoin.com News. The remarks quickly revived criticism of Paul’s prior association with CryptoZoo, a project that remains connected to federal litigation in Texas.
The exchange breach and Paul’s comments concern separate events, but the juxtaposition has put attention on questions of accountability in crypto, both for platform security failures and for high-profile projects marketed to retail participants.
What happened
Bitcoin.com News reported that Paul reacted after his longtime collaborator Mike Majlak said Binance had been hacked and that $6,000,000,000 had been stolen. Paul responded that he did not trust crypto and characterized the sector as a scam.
The reported size of the Binance incident depends on the source and point in the response process. Binance estimated the impact of its October 29 breach at around $6.3 billion and described it as the largest crypto theft on record, according to Bitcoin.com News. Crypto.news reported that TRM Labs traced transfers across 10 blockchains and valued the original outflows at $6.36 billion.
Those figures should not be treated as interchangeable. Majlak’s podcast reference was $6 billion, Binance’s estimate was about $6.3 billion, and TRM Labs’ figure was $6.36 billion. The available reporting also describes assets being frozen during the response, which means reported losses, original outflows and affected assets may refer to different measurements.
Binance said about $3 billion in affected assets had been frozen with industry partners, Bitcoin.com News reported. Crypto.news likewise reported that Binance put the frozen amount at roughly $3 billion. Binance co-CEO Yi He said the exchange would cover all hacking losses, according to Bitcoin.com News.
Why it matters
Paul’s statement came in response to a security incident of exceptional reported scale. Binance’s estimate of around $6.3 billion would place the episode above every prior crypto theft on record, according to Bitcoin.com News. The amount reportedly frozen is also central to understanding the situation, because it distinguishes assets that may have been contained from those still exposed.
But the reaction drew attention for another reason. Critics pointed to CryptoZoo, the NFT game associated with Paul, after he broadly dismissed crypto following the Binance breach. The comparison is not an assertion that CryptoZoo and the Binance hack are alike. One concerns an exchange security incident, while the other concerns allegations tied to a project and an ongoing civil lawsuit.
The episode nevertheless illustrates why broad public statements about crypto can invite scrutiny of a speaker’s own record. In Paul’s case, Bitcoin.com News reported that he sought again in February 2026 to dismiss a Texas federal lawsuit accusing him of a CryptoZoo rug pull. Paul argued that the lawsuit did not establish that he could be held liable for the entity’s conduct.
Background and context
CryptoZoo was presented as an NFT game in 2021 but did not deliver as promised, and the dispute remains before a Texas federal court. The litigation is significant to the discussion around Paul’s Binance comments because it provides the immediate context for criticism of his characterization of cryptocurrency.
Thecrypto.wiki reported that CryptoZoo buyers filed Holland v. CryptoZoo on February 2, 2023, in the Western District of Texas. It also reported that Judge Alan Albright dismissed all 27 claims against Paul on October 29, 2025, while allowing 26 claims to be re-pleaded.
Bitcoin.com News reported that Paul made a further dismissal bid in February 2026. His position was that the complaint did not show he could be liable for the conduct of the relevant entity. The case therefore remains an unresolved legal backdrop rather than a final finding on the allegations against him.
The Binance breach has its own unresolved elements. Crowdfundinsider reported that the incident was linked by investigators to North Korea-backed TraderTraitor and the Lazarus Group, but that attribution is investigators’ assessment and Binance has not confirmed the identity of an attacker. The distinction matters because reports about stolen assets, frozen funds and responsibility can change as an incident response develops.
What to watch
Further disclosures from Binance may clarify whether its estimate of around $6.3 billion changes and whether additional affected assets are frozen. Reporting from Binance and TRM Labs may also help explain the gap between the $6 billion figure mentioned on the podcast, Binance’s estimate and TRM Labs’ $6.36 billion valuation.
Another open question is whether Binance publicly confirms an attacker attribution. The available reporting identifies a North Korea-related assessment from investigators, while noting that Binance has not confirmed that conclusion.
In the CryptoZoo matter, court filings and rulings will determine how the re-pleaded claims and Paul’s February 2026 dismissal request proceed. Until then, the allegations and Paul’s arguments remain matters before the court.
