CandleFocus

Gary Vee & MrBeast Accused of NFT & Crypto Price Pump Scheme

In a surprising development, popular digital media figures Mr. Beast and Gary Vaynerchuk, also known as Gary Vee, are facing allegations of involvement in cryptocurrency and NFT "pump-and-dump" schemes. The controversy emerged when Gary Vee supposedly gifted Mr. Beast a valuable NFT called the "Gift Goat" from his VeeFriends series. Critics claim that Mr. Beast's subsequent large transactions and investments in VeeFriends NFTs artificially inflated prices in the market, potentially causing losses for regular investors. Crypto investigative group TruthLabs brought attention to this issue, sharing screenshots and blockchain data that suggest collusion and price inflation tactics. These accusations come at a challenging time for Mr. Beast, who has already faced allegations of inappropriate behavior within his team. If the crypto allegations gain traction, it could further impact his reputation, especially as scrutiny of influencers and crypto ethics increases.

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