YouTube influencer MrBeast is accused of profiting over $10 million from "pump and dump" cryptocurrency schemes

2024-10-14 18:19:45

ChainCatcher news, according to CryptoNews, YouTube influencer Jimmy Donaldson (MrBeast) is accused of promoting and then selling off multiple small-cap cryptocurrency project tokens, making over $10 million in profit.

According to an investigation by crypto investigator SomaXBT, MrBeast participated in several projects' Initial DEX Offerings (IDO) and token promotions. The projects involved include SuperFarm ($SUPER), Polychain Monsters ($PMON), SPLYT ($SHOPX), among others, with some tokens dropping over 90% in price after MrBeast's sell-off, becoming a typical case of a "pump and dump" scheme.

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