CandleFocus

MrBeast investigated for ties to 50+ crypto wallets linked to potential insider trading

YouTube star James Donaldson, also known as MrBeast, has found himself embroiled in controversy in 2024. First, his close collaborator was accused of improper conduct involving a minor, and then a former employee alleged widespread fraud. However, an investigation has revealed that MrBeast made around $10 million from backing low-cap IDO (initial DEX offering) crypto tokens, particularly his involvement with SuperVerse (SUPER). The project experienced a significant price increase due to MrBeast's promotion on social media, but early investors were later refunded using legal loopholes. On-chain data shows that MrBeast profited from various transactions involving different cryptocurrencies.

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