YouTuber Mr Beast Accused Of Profiting $23 Million From Dubious Crypto Deals
Jimmy Donaldson, known as Mr Beast, allegedly earned over $23 million through crypto token promotions and suspected pump-and-dump schemes, according to a new investigation. With over 324 million subscribers on YouTube, Donaldson reportedly used his influence to inflate token prices before selling, often leaving retail investors with losses, according to blockchain firm Loock.io and investigators including SomaXBT. MrBeast (@MrBeast), an influencer with 31.2M followers, has engaged in insider trading, misleading investors, and using his influence to pump tokens, only to dump them later. He has made over $23M in profits from various crypto projects: $11.45M from $SUPER $4.65M from $ERN… pic.twitter.com/gMtXVemCDE — Lookonchain (@lookonchain) October 30, 2024 Investigators Linked 50 Wallets To Mr Beast Network Investigators linked approximately 50 wallets to Donaldson’s network, citing major trades that profited from quick exits. For example, a wallet tied to Mr...