A group of crypto sleuths has released a map of Mr. Beast’s crypto wallet. Investigators allege that the YouTuber was connected to 50 cryptocurrency wallets and made approximately $23 million from them using a series of shady techniques, including a pump-and-dump scheme. .
It’s been a rough few weeks for Mr. Beast (real name Jimmy Donaldson). The YouTube star faces ongoing accusations of selling moldy cheese to children, a company group chat allegedly being sent to the FBI, and a cast member on his upcoming Amazon show has been battling a series of scandals, including a lawsuit. The investigation into his cryptocurrency wallet is just the latest salvo in a clear anti-Beast mood in some corners of the internet.
of The team that mapped Mr. Beast’s cryptocurrency wallet Kasper Vandeloock, SomaXBT, hxnterson, angelfacepeanut, rfparson. they reported their findings new website The company describes itself as a “work in progress” that has “prioritized pushing out Mr. Beast articles.”
Mr. Vandelok and others are well known in the world of cryptocurrencies, and this investigation is expected to delve into Mr. Donaldson’s crypto finances. “Their findings suggest a long history of insider trading, misleading investors, and using his influence to promote tokens and later dump them on the market,” the investigation said. . “This document takes a closer look at the various tokens associated with these allegations and insider trading allegations, starting with identifying the wallets associated with MrBeast.”
The investigation is both compelling and puzzling. For readers who are not yet familiar with the details of cryptocurrencies, it will be difficult to parse it. At first glance, it looks like Vanderuke and his friends have items here. They planned a complex web of connections between known Mr. Beast wallets and other crypto assets on the blockchain.
Photos of Donaldson partying with crypto entrepreneurs, flashy public service announcements of Donaldson announcing his involvement with various crypto schemes, and Donaldson interacting with crypto people. Tweets, text messages, and screenshots of DMs showing the situation are posted. The survey is a jumble of tables, graphs, and long strings of numbers. Deciphering requires a working knowledge of cryptocurrencies.
According to the investigation, Mr. Beast repeatedly invested large sums of cash into cryptocurrency projects during the pre-sale period and made huge profits. Cryptocurrency is a difficult business to make money in, especially for those who aren’t doing it full-time, and Donaldson said the study found that he wins more than he loses.
The allegation is that Donaldson had relationships with the founders of various prospective crypto projects. The investigation traced those connections and revealed how wallets connected to Donaldson invested large sums of money in various crypto schemes that he supported.
“Given Beast’s track record of consistently making strong profits while being a full-time content creator and running a variety of businesses, his success in crypto investing is not the result of keen trading instincts. , it’s very likely that he simply has insider information, especially as it relates to upcoming brand deals and partnerships within his network, including figures like KSI, GaryVee, and LazarBeam. said.
This complex nesting of crypto wallets and transactions may actually be hiding some kind of fraud. Donaldson is such a man. told the time He does not consider himself to be wealthy, and his mother manages all his money. “I don’t have access to any bank accounts,” he told the magazine in February. “I have a CFO and everything, but [Parisher’s] A person who has access to your master bank account. ”
However, if there is any conclusive evidence in this cryptocurrency investigation, it is that it is only being noticed by people with an eye for cryptocurrencies. Maybe Donaldson’s “terrible” attitude and good deeds as a kid from North Carolina are covering up a sinister cryptocurrency empire. But cracking it would require someone skilled in the forensics of crypto fraud (like the SEC).
Donaldson has other issues to deal with. Five contestants will take part in his upcoming Amazon show in September sued him. beast games, As the name suggests, the show is a riff. squid game The contestants will then be given a variety of grueling challenges for a chance to win $5 million. The lawsuit alleges that Donaldson’s team chronically abused and sexually harassed the contestants.
Earlier this year, Donaldson teamed up with Logan Paul and KSI to launch Lunchly, a lunchable-style snack. Once the food hit stores, people online started posting videos of moldy cheese inside. YouTube baking star Rosanna Pansino, who has had a long-standing feud with Mr. Beast, further fueled the suspicions earlier this month when she released a video of herself opening a moldy lunch box. The FDA told TMZ that 10 complaints About the mold on Ranchries.
On October 27, Ms. Pansino also claimed that she contacted the FBI regarding Mr. Beast. At the center of Ms. Pansino’s new claims is a Telegram channel that she claims is a work chat for Mr. Beast. Pansino published a seven-minute video on X of scrolling through the chat, highlighting off-color memes and jokes shared among participants.
I reported my findings and concerns to the authorities @FBI. Hopefully, they will look into these MrBeast Telegram Company chat logs and other concerns. @Youtube @Team YouTube #mrbeast
— Rosanna Pansino (@RosannaPansino) October 27, 2024
Mr. Beast did not respond to Gizmodo’s request for comment.
