The 21 Jump Street star was accused of using the stories of two of his former male stripper colleagues as the basis for his upcoming film with director Steven Soderbergh.
"Those guys have been trying to make money off of me since I got into this business," Tatum told reporters at a recent conference to promote the movie.
Earlier last week, Thomas Austin and London Steele, two men who both worked with Tatum during his days as a stripper in Florida, protested the film, saying that it drew heavily from their own lives.
However, Tatum insisted that the claims are false, adding that Steele was behind the 2009 leak of a video that featured Tatum stripping.
"Literally, London was one of the guys that sold the video," Tatum said. "Thank God that my friend here [Soderbergh] saw and we made a movie from it."
He went on to say that he bears the two men no ill will.
"I don't want to say anything bad about them because they are part of the reason I think their world is so interesting," he explained of Austin and Steele. "They are very interesting, intriguing, bizarre characters, and I'm thankful for weird people out there, I guess."
Magic Mike is due for release on June 29 in the US and July 11 in the UK.