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

2024-10-14 18:19:45

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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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This topic will track and collect various scams and fraud cases in the cryptocurrency field. We will regularly update the latest information on virtual asset investment fraud, fraudulent activities, and other criminal activities, revealing scam techniques and methods of evading detection, helping investors identify risks and protect their interests.