Celebrity blogger MrBeast is suspected of a $23 million cryptocurrency scam

The well-known influencer with tens of millions of social media followers, MrBeast (real name Jimmy Donaldson), has found himself at the center of yet another controversy. This time, he is facing allegations of cryptocurrency manipulation and insider trading. According to a detailed report from Loock.io, MrBeast allegedly used around 50 crypto wallets to purchase certain cryptocurrencies, which he then actively promoted and sold for significant profit after their prices surged (a so-called Pump and Dump scheme).

Multiple individuals have accused MrBeast of deceiving investors and using his influence to inflate token values before selling them off.

The latest cryptocurrency scandal involving MrBeast pertains to several cryptocurrencies, including SuperVerse, Eternity Chain, PolyChain Monsters, and SHOPX.

According to Loock.io, MrBeast received one million tokens from SuperVerse in 2021, which he later sold for $7.5 million. Overall, information released by analyst SomaXBT, supported by blockchain experts, suggests that since 2021, MrBeast may have earned up to $23 million through such schemes:

• $11.45M from $SUPER
• $4.65M from $ERN
• $1.72M from $PMON
• $1.31M from $STAK
• $1M from $AIOZ

This scandal continues an unfortunate October for MrBeast. Earlier, following the launch of the product Lunchly, YouTuber and pastry chef Rosanna Pansino accused MrBeast of selling products with mold.