YouTube sensation MrBeast, known off-screen as James Donaldson, is facing serious allegations regarding unethical practices in the cryptocurrency market that could jeopardize his reputation as a philanthropic influencer.
According to a report from online investigator SomaXBT, later verified by blockchain experts including Kasper Vandeloock, MrBeast and his team are accused of utilizing over 50 crypto wallets to acquire specific tokens, promote them extensively, and subsequently sell them for significant profits. This technique, commonly known as a “pump and dump,” is a strategy frequently adopted by celebrities venturing into the crypto space.
The report indicates that MrBeast may have profited up to $10 million from these activities, with further analysis from loock.io suggesting his total earnings since 2021 could reach as high as $23 million.
One of the primary projects under scrutiny is SuperVerse, a gaming NFT marketplace formerly known as SuperFarm. Reports indicate that MrBeast was awarded one million SUPER tokens in early 2021, which he sold for approximately $7.5 million within just a month. Over subsequent months, he is alleged to have gained an additional $11.4 million from the project.
Evidence also includes screenshots of conversations suggesting MrBeast discussed a $100,000 payment with crypto influencer EllioTrades for promoting the SuperVerse project.
Further allegations point to MrBeast’s financial gains from other tokens, including approximately $4.65 million from Eternity Chain (ERN), around $1.72 million from PolyChain Monsters (PMON), and $484,817 from SHOPX. His wallets reportedly transferred substantial amounts to major exchanges such as Gemini and Binance, hinting at potential connections to these activities.
As of now, MrBeast has not publicly addressed these allegations. However, investigators from SomaXBT are urging the public to examine the evidence and consider the implications of MrBeast’s involvement in the cryptocurrency landscape.
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