MrBeast Allegedly Profited $23M From Crypto Scams; Under Investigation for Insider Trading

Oct 30, 2024, 01:03 PM

Jimmy Donaldson, widely known as MrBeast, is reportedly under investigation for alleged involvement in cryptocurrency scams totaling over $23 million in profits. An in-depth investigation led by Kasper Loock, in collaboration with Hunter S. On, Angel Face Peanut, Soma XBT, and R.F. Parson, alleges that MrBeast managed over 50 cryptocurrency wallets tied to insider trading and misleading investors. The allegations suggest that MrBeast leveraged his massive influence to promote tokens before selling them on the market.