The post YouTuber MrBeast Accused of Earning $10M from Token Pump-and-Dump Schemes appeared on BitcoinEthereumNews.com.

The post YouTuber MrBeast Accused of Earning $10M from Token Pump-and-Dump Schemes appeared first on Coinpedia Fintech News YouTuber Jimmy Donaldson, known as MrBeast, has been accused of earning over $10 million through low-cap token promotions and alleged pump-and-dump schemes. An investigation by SomaXBT revealed MrBeast’s involvement in projects like SuperFarm ($SUPER) and Polychain Monsters ($PMON), where he reportedly promoted tokens, sold them during price surges, and profited significantly. These tokens later plummeted, with some dropping over 90%. Critics highlight the ethical concerns of such actions, suggesting MrBeast’s involvement mirrors classic pump-and-dump tactics seen in the crypto world. Source: https://coinpedia.org/crypto-live-news/youtuber-mrbeast-accused-of-earning-10m-from-token-pump-and-dump-schemes/

---

Filed under: News - @ October 15, 2024 4:23 am