Mr. Beast is charged with crypto pump and dump scheme

YouTube star MrBeast, whose real name is James Donaldson, is facing serious allegations of misconduct in the crypto space that could damage his reputation as a philanthropic influencer.

The report, shared by online investigator SomaXBT and confirmed by blockchain experts like Kasper Vandeloock and others, states that MrBeast or his team used over 50 crypto wallets to purchase certain crypto tokens, promote them, and then sell them at high rates Winnings to sell.

This strategy is often used by many celebrities trying to dabble in crypto and it is called the “pump and dump” strategy.

SomaXBT says he may have made $10 million from this plan, but the loock.io report estimates he may have made up to $23 million since 2021.

SuperVerse, a gaming NFT marketplace formerly known as SuperFarm, is one of the key projects currently under consideration. According to the reports, MrBeast received one million SUPER tokens in early 2021, which he later sold, earning around $7.5 million in just a month. He reportedly earned an additional $11.4 million in the following months.

Additionally, screenshots from a chat appear to show MrBeast talking to crypto influencer EllioTrades about paying $100,000 to promote the project.

Other tokens also appear in these reports. MrBeast reportedly earned $4,649,337 million on Eternity Chain (ERN), $1,724,652 million on PolyChain Monsters (PMON), and $484,817 on SHOPX.

His wallets were reportedly sending large amounts to major crypto exchanges such as Gemini and Binance, showing possible connections to him.

So far, MrBeast has not said anything about these claims. However, SomaXBT and the rest of the investigators are urging people to look at the evidence and think about what this means for MrBeast's role in cryptocurrency.

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