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."I warned people before I launched it that it was an extremely risky and volatile thing and to make sure they understand when to buy, if they choose."Ice Poseidon denies claims of scamming people out of $500,000After 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).Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk06:15 AM · Feb 2, 202241826My one and only response on the subjectRead: tl.gd/n_1sruqrkIce_Poseidon@REALIcePoseidonthe post has a lot of terminology and might be hard to grasp if you're a noob to crypto, but everything is verifiable and I encourage people to go check for themselves. I did not "steal" or "scam" anyone. nor did i make money on the expense of others.06:17 AM · Feb 2, 20221807the post has a lot of terminology and might be hard to grasp if you're a noob to crypto, but everything is verifiable and I encourage people to go check for themselves. I did not "steal" or "scam" anyone. nor did i make money on the expense of others.Ice_Poseidon@REALIcePoseidoni dont really expect anyone to side with me, because the narrative of me stealing from my fans is much more juicy, but that's not the reality and i hope some people can see that.06:17 AM · Feb 2, 20221898i dont really expect anyone to side with me, because the narrative of me stealing from my fans is much more juicy, but that's not the reality and i hope some people can see that.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:"Also, when I took a portion of the LP, (nearly $300,000) there wasn't many "real" holders or much money invested in the token by that point. Top holder has 15 bnb worth of tokens, and holder #50 has 0.6 bnb worth of tokens.""It was completely unnecessary to have $400,000 in the LP ($264k in LP, 150k in buyback function) and the money was at risk of getting devalued due to the crypto markets dropping. So I took some of the LP ($250k or so) and used the buyback function to put $80k into the LP, with 100k still in the buyback function that also goes to the LP."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,"Yeah, I could give the money back. It is within my power, but I'm going to look out for myself and not do that."Coffeezilla posted a follow up to the story, showing that the $155,000 Ice Poseidon allegedly promised to return has not been given back yet.Coffeezilla@coffeebreak_YTAfter realizing a story would be run on this: Ice told me he was going to 'return $155K', which is a small fraction of what he took.However he once again has lied, because to date--- only $40K has been returned to the liquidity pool.10:52 PM · Jan 31, 202242432After realizing a story would be run on this: Ice told me he was going to 'return $155K', which is a small fraction of what he took.However he once again has lied, because to date--- only $40K has been returned to the liquidity pool. https://t.co/E1rMecWU3UViewers react to Ice Poseidon's clarification regarding the alleged $500,000 CxCoin scamThose who responded to Denino's tweet were overwhelmingly on the side against him, calling him out for allegedly attempting to take the heat off of himself.Rexity@RexityIsBetterI mAdE 300k bY tAkiNg tHe liqUiDitY poOl fRoM mY fAnS bUt I swEaR iT wasNt a sCaM. shut up man you took 300k out of the LP and even said you made 300k by taking it but it wasn’t a scam or rugpull. Lmfao twitter.com/realiceposeido…Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk3:21 PM · Feb 2, 202241826My one and only response on the subjectRead: tl.gd/n_1sruqrkI mAdE 300k bY tAkiNg tHe liqUiDitY poOl fRoM mY fAnS bUt I swEaR iT wasNt a sCaM. shut up man you took 300k out of the LP and even said you made 300k by taking it but it wasn’t a scam or rugpull. Lmfao twitter.com/realiceposeido…Quget🌹@therealqugetStealing money from your fans with a crypto scam then trying save yourself by saying it is not scamming and disable for fans to comment on it.Give the money back!Go watch @coffeebreak_YT videos!youtube.com/watch?v=A7MaoD…youtube.com/watch?v=ILSvHj… What do you think @FBI? twitter.com/REALIcePoseido…Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk12:29 PM · Feb 2, 2022126My one and only response on the subjectRead: tl.gd/n_1sruqrkStealing money from your fans with a crypto scam then trying save yourself by saying it is not scamming and disable for fans to comment on it.Give the money back!Go watch @coffeebreak_YT videos!youtube.com/watch?v=A7MaoD…youtube.com/watch?v=ILSvHj… What do you think @FBI? twitter.com/REALIcePoseido…Manny@DreadMGALatThe only answer he gives "My investors should've known after a couple of months that the project was dead" Hello? Where's the text saying yo guys this shit went down hill, take your money and run! You only worked a couple of weeks, YOU knew since day one this was going to be shit twitter.com/REALIcePoseido…Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk12:00 PM · Feb 2, 202241826My one and only response on the subjectRead: tl.gd/n_1sruqrkThe only answer he gives "My investors should've known after a couple of months that the project was dead" Hello? Where's the text saying yo guys this shit went down hill, take your money and run! You only worked a couple of weeks, YOU knew since day one this was going to be shit twitter.com/REALIcePoseido…Benjamin Malaythong@BMalaythongLOL WHEN YOU SCAM PEOPLE AND PEOPLE CALL YOU OUT ON IT twitter.com/REALIcePoseido…Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk09:20 AM · Feb 2, 2022726My one and only response on the subjectRead: tl.gd/n_1sruqrkLOL WHEN YOU SCAM PEOPLE AND PEOPLE CALL YOU OUT ON IT twitter.com/REALIcePoseido…Weekend Warrior ☝️🐉@wwarrior_1"they had faith in me, whatever" lmfao twitter.com/REALIcePoseido…Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk07:36 AM · Feb 2, 20223526My one and only response on the subjectRead: tl.gd/n_1sruqrk"they had faith in me, whatever" lmfao twitter.com/REALIcePoseido…Someonehibye@Someonehibye10Keep him banned from twitch twitter.com/realiceposeido…Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk07:26 AM · Feb 2, 20222026My one and only response on the subjectRead: tl.gd/n_1sruqrkKeep him banned from twitch twitter.com/realiceposeido…Baba Stafe@Mumj94You literally just destroyed your entire career for 300k not to mention the potential legal consequences you could face when the FBI or the SEC decide to investigate you. Question is, was it worth it? twitter.com/realiceposeido…Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk08:43 AM · Feb 2, 2022426My one and only response on the subjectRead: tl.gd/n_1sruqrkYou literally just destroyed your entire career for 300k 😂 not to mention the potential legal consequences you could face when the FBI or the SEC decide to investigate you. Question is, was it worth it? twitter.com/realiceposeido…Pocky@Pocky_SucksStart by refunding everyone their money. Is $500K worth your reputation? twitter.com/realiceposeido…Ice_Poseidon@REALIcePoseidonMy one and only response on the subjectRead: tl.gd/n_1sruqrk07:58 AM · Feb 2, 2022126My one and only response on the subjectRead: tl.gd/n_1sruqrkStart by refunding everyone their money. Is $500K worth your reputation? twitter.com/realiceposeido…Denino has yet to directly address the video uploaded by Coffeezilla explaining the entire scheme.However, in his original tweet, he stated he would not be making any further comment on the situation. Denino continues to insist that what he did was not a scam, while others attempt to hit back at his claims.