"Warned people before I launched it": Ice Poseidon breaks silence after being accused of $500,000 crypto scam

sportskeeda.com:

Paul "Ice Poseidon" Denino has seemingly denied all accusations of scamming his fans after being accused of the same in a cryptocurrency-related incident.

While the situation regarding the currency had already generated unrest, the anger ramped up after Denino hopped on a call with content creator Coffeezilla and admitted to not wanting to return the $500,000 he took from fans.

After staying silent on the waves of criticism he was facing, Paul Denino has finally spoken up about the failure of his cryptocurrency project, CxCoin, and the money that fans had invested into it (amounting to around $500,000).

According to Ice Poseidon (as stated in the TwitLonger post), he clarified he only advertised it to those who were knowledgeable about cryptocurrency as a whole and not to those who were casual fans and easily impressionable.

He insisted that it wasn't a "rug pull" or a scam, stating that he did make $300,000 from the whole venture, but "not at the expense of any fans or holders." In between, he explained some of the technicalities and thought-process behind his actions:

Ice Poseidon's CxCoin project is effectively dead, with the YouTuber pulling the plug just a few weeks after it went live despite having promised many that it would be a long-term project. Several have pointed out how he secured $300,000 leaving the project, while his investors have not had the same pleasure.

While general unrest had been shown towards the project, matters took a turn for the worse after Coffeezilla recently interviewed Denino and shone a light on the apparent reality of CxCoin. A particular clip from his video gained traction (Timestamp: 0:01) where Denino admitted,

Coffeezilla posted a follow up to the story, showing that the $155,000 Ice