MrBeast Under Fire For Allegedly Promoting Several Crypto Scams
As part of an ongoing detailed investigation, several digital analysts have accused YouTuber Jimmy Donaldson, better known as MrBeast, of amassing wealth through various cryptocurrency scams and exploiting his fanbase.
A Troublesome History
The team behind the website Loock.io claims to have uncovered connections to over 50 wallets tied to MrBeast, suggesting a history of insider trading, misleading investors, and promoting tokens only to sell them later. They assert that his public ties to crypto promoters indicate he was tipped off about projects before their values surged.
With alleged involvement in questionable ventures, MrBeast is said to have earned $23 million in digital currencies, a staggering amount given his existing wealth. Jimmy is not the only YouTuber to get in trouble for promoting crypto-based scams, as others like KSI and Logan Paul have found themselves in similar hot waters.
Hard To Digest
The Loock team, including analysts Kasper Vanderloock and others with cryptic handles, has tracked a significant network of wallets all linked to Jimmy for years, starting with his NFT purchases in 2021, when those assets still had value.
While this investigation is intriguing, Gizmodo notes that it can be difficult to digest, even for crypto-savvy individuals. The allegations are not surprising, considering the fact that Donaldson has a history of controversies, including misleading children in giveaways and creating a toxic workplace environment on his Beast Game show.
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