MrBeast and $10 Million in Pump and Dump Schemes

Blockchain analyst SomXBT claims that popular YouTuber MrBeast (Jimmy Donaldson) earned over $10 million through pump and dump schemes in cryptocurrency.

According to SomXBT, MrBeast leveraged his massive audience of 320 million subscribers to encourage fans to invest in digital assets, resulting in significant losses. Transaction analysis revealed that he promoted lesser-known tokens like Polychain Monsters (PMON) and Virtue Poker (VPP), selling them at inflated prices.

Many of the cryptocurrencies he promoted have fallen by more than 90%. MrBeast is also accused of exaggerating his investments; instead of the claimed $9 million in SuperVerse, he only invested $100,000.

SomXBT noted that such manipulations could lead to criminal liability in the stock market.