Happycoin.club – Blockchain sleuth, known under the pseudonym SomXBT, claims that YouTuber MrBeast earned more than $10 million from pump and dump of the cryptocurrency price.
MrBeast, whose name is Jimmy Donaldson, is considered a popular vlogger, as his YouTube channel has 320 million subscribers. According to SomXBT, he took advantage of this to encourage his followers to invest in digital assets, which led to huge losses.
SomaXBT analyzed the YouTuber’s trading data and found that he bought several obscure digital assets, advertised them, and sold coins when their prices skyrocketed. In particular, Donaldson encouraged:
Cryptocurrencies bought by MrBeast (center) and other influencers
The price of some cryptocurrencies that Jimmy promoted fell by more than 90%, so MrBeast actually implemented a fraudulent scheme, first causing a pump in the price of assets, and then causing a dump by selling a large number of coins. In addition, the YouTuber was convicted of defrauding subscribers because he exceeded the amount of investment in virtual currencies. For example, Donaldson invested $100,000 in SuperVerse, not $9 million as claimed.
them [инфлюенсеры] commit similar fraud on the cryptocurrency market. If they were doing this on the stock market, the staff of the Securities and Exchange Commission would have already come for them, concluded SomXBT.
2024-10-13 12:27:00
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