0
MrBeast Crypto Scam Allegation

MrBeast Crypto Scam Allegation

Part of a series on MrBeast. [View Related Entries]

Updated Nov 01, 2024 at 08:47AM EDT by Mateus.

Added Nov 01, 2024 at 07:30AM EDT by Mateus.

PROTIP: Press 'i' to view the image gallery, 'v' to view the video gallery, or 'r' to view a random entry.

This submission is currently being researched & evaluated!

You can help confirm this entry by contributing facts, media, and other evidence of notability and mutation.

Overview

MrBeast Crypto Scam Allegation, also known as MrBeast's Crypto Wallet Controversy refers to a blockchain investigation into YouTube star MrBeast's (Jimmy Donaldson) cryptocurrency activities. The investigation allegedly revealed over 50 wallets that generated more than $23 million in trading profits between 2021 and 2024. Loock.io, a blockchain analyst and advisory firm revealed the report in late October 2024, accuses the YouTuber of insider trading, market manipulation and misleading investors. which sparked debate and considerable attention in the online community, as the influencer was recently involved in a feud against YouTuber Rosanna Pancino over inappropriate text in MrBeast's Telegram channel with his team.

Background

On October 29th, 2024, the blockchain analyst and advisory firm Loock.io[1] released an extensive map of Mr Beast’s alleged crypto wallets, in a report titled "MrBeast Investigation," which claims over 50 cryptocurrency wallets, netted approximately $23 million in questionable profits, were linked to the YouTuber.


Oct 29 MrBeast Investigation INTRODUCTION MrBeast, one of the most popular YouTubers with over 320 million subscribers across his main and side channels, has recently faced public scrutiny over various controversies. Allegations have emerged, including claims of faked videos, running illegal lotteries and employees with questionable track records. In addition, MrBeast's involvement in cryptocurrency has come under fire, with YouTubers like Rosana Pansino and DogPacks 404 touching on the subject. However, their investigations only skimmed the surface of MrBeast's crypto activities. A team of researchers has since conducted a more detailed analysis, uncovering connections to over 50 cryptocurrency wallets linked to MrBeast. Their findings suggest a long history of insider trading, misleading investors, and using his influence to promote tokens, only to later dump them on the market. This document delves into the various tokens associated with these allegations and the insider trading claims, starting with identifying the wallets tied to MrBeast. This article will investigate MrBeast's activities across his 50+ secret wallets, uncovering insider trading and questionable deals. This investigation was put together by: @hxnterson on-chain analyst @kasperloock from @loockadvising With help from: @angelfacepeanut social media & brain rot expert âš« @somaxbt on-chain analyst @rfparson intern @loockadvising





On October 30th, 2024, the X[2] page @Cointelegraph uploaded one of the earliest viral mentions of the report (seen below), which amassed more than 16 million views and 20,000 likes in two days.


€7 | Cointelegraph @Cointelegraph. Follow X BREAKING: MrBeast investigated for ties to 50+ crypto wallets linked to potential insider trading, netting over $23M in total profits. MR-BEAS




The report's main allegations against MrBeast are Insider Trading, in which researchers allege he participated in pre-sale investments and dumping tokens at inflated prices; Market Manipulation, claiming he promoted specific crypto tokens, raising prices before selling his holdings, leaving followers with financial losses; Misleading Investors, promoting cryptocurrencies without disclosing pre-sale investments raises transparency concerns.[3]

Developments

As of November 1st, 2024, it is not clear if MrBeast is being formally investigated by any law enforcement agency[4], as the crypto wallet report has been uncovered by private advisory firms.

Online Reactions

The crypto scam allegation against the YouTuber sparked massive news coverage, memes and jokes on social media. For example, on October 31st, 2024, YouTuber commentator @SomeOrdinaryGamers[5] posted a video explaining MrBeast crypto wallet claims (seen below), which amassed more than 348,000 views and 14,000 likes in a day.






On the same day, Redditor[6] PuzzleheadedBar533 posted a screenshot on the YouTube subreddit channel of @Cointelegraph's tweet about the MrBeast crypto scam, writing that the influencer is a "fraud." The post (seen below) received over 49,000 upvotes and 2,100 comments in a day.


r/youtube âš« 18 hr. ago PuzzleheadedBar533 Mrbeast is a fraud. MrBeast Drama Cointelegraph t @Cointelegraph Follow BREAKING: MrBeast investigated for ties to 50+ crypto wallets linked to potential insider trading, netting over $23M in total profits. -EAS





Search Interest

External References

[1] Loock.io – MrBeast Investigation

[2] X – Cointelegraph

[3] Crypto Potato – MrBeast Linked to Over 50 Crypto Wallets Allegedly Involved in Insider Trading: Report

[4] The Mirror – Bombshell online MrBeast investigation uncovers 'long history' of alleged insider trading and crypto schemes

[5] YouTube – MrBeast's Crypto History Looks Really Bad…

[6] Reddit – PuzzleheadedBar533

Related Entries 29 total


View All Related Entries

Recent Videos 2 total

   

Recent Images 12 total



+ Add a Comment

Comments (4)


Display Comments

Add a Comment


'lo! You must login or signup first!