MrBeast (real name Jimmy Donaldson), a well-known influencer with tens of millions of followers on social media, has found himself at the center of another scandal. This time, it’s over allegations of cryptocurrency fraud and insider trading. According to a detailed report by Loock.io, Mr. Beast allegedly used about 50 crypto wallets to buy certain cryptocurrencies, which he then actively promoted and sold at a significant profit after the price rose (the so-called Pump and Dump scheme).
Several people accused MrBeast of deceiving investors and using his influence to pump up tokens in order to sell them later.
The new crypto scandal surrounding MrBeast involves several cryptocurrencies, including SuperVerse, Eternity Chain, PolyChain Monsters, and SHOPX.
According to Loock.io, MrBeast received a million tokens from SuperVerse in 2021, which he later sold for $7.5 million. In total, according to the information released by SomaXBT analyst and supported by blockchain experts, MrBeast could have earned up to $23 million from such schemes since 2021:
This scandal continues an unpleasant October for MrBeast. Earlier, after the release of the Lunchly product, YouTuber and pastry chef Rosanna Panzino accused MrBeast in the sale of products with mold.