Burger

MrBeast

Millions

Beast

<ul>
 <li aria-level="1">Mr. Beast’s Earnings Include $11.45M From SUPER Token, $4.65M From ERN; Exploits Insider Information Access.</li>
 <li aria-level="1">FBI Investigating Mr. Beast For Workplace Harassment, Adds To Allegations Of Illicit Financial Activities In Cryptos.</li>
</ul>
Jimmy Donaldson, known as Mr. Beast on YouTube, is facing allegations of earning over $23 million through insider trading involving cryptocurrency projects. According to a report by Lookonchain, the influencer purportedly used his significant online influence to promote digital tokens before selling them for a profit, betraying investor trust.
The investigation by Lookonchain claims that Mr. Beast participated in more than five emerging cryptocurrency projects, yielding substantial gains. Specifically, he allegedly made $11.45 million from the token SUPER, $4.65 million from ERN, $1.72 million from PMON, $1.31 million from STAK, and $1 million from AIOZ. 
This report follows recent controversies surrounding Donaldson, including an <a href="https://www.ethnews.com/fbi-arrests-alabama-man-for-hacking-sec-account-and-faking-bitcoin-etf-approval/" rel="noopener noreferrer nofollow">FBI investigation</a> into claims of workplace harassment.
Lookonchain’s research identified over 50 cryptocurrency wallets linked to Mr. Beast, suggesting a pattern of insider trading. The report details transactions associated with these tokens and highlights the identification of wallets linked to the YouTube star. 
Their analysis uncovered instances where Donaldson invested in crypto projects during pre-sales, realizing significant returns.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 MrBeast (<a href="https://twitter.com/MrBeast?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@MrBeast</a>), an influencer with 31.2M followers, has engaged in insider trading, misleading investors, and using his influence to pump tokens, only to dump them later.
 He has made over $23M in profits from various crypto projects:
 $11.45M from <a href="https://twitter.com/search?q=%24SUPER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SUPER</a> $4.65M from <a href="https://twitter.com/search?q=%24ERN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ERN</a>… <a href="https://t.co/gMtXVemCDE" rel="noopener noreferrer nofollow">pic.twitter.com/gMtXVemCDE</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1851672470924988755?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This recent scrutiny adds to the growing concerns about the ethical practices of influencers within the cryptocurrency space. The investigation also suggests that Mr. Beast may have collaborated with a network of influencers and business associates to gain insider information, thereby manipulating the market to his advantage.
Moreover, the report points out similarities in cryptocurrency activities between MrBeast and other prominent online figures, such as KSI and LazarBeam, hinting that they might have accessed privileged information before the general public. 
This pattern raises questions about the broader implications of influencer involvement in financial markets, particularly in the volatile realm of cryptocurrencies.
The allegations against Mr. Beast highlight the potential conflicts of interest and the impact of celebrity endorsements on investor decisions in the crypto industry. With his extensive digital empire, which includes ventures like MrBeast Burger and Feastables, Jimmy Donaldson’s career and business endeavors could face significant setbacks if these <a href="https://www.ethnews.com/allegations-of-illicit-political-donations-engulf-ftx-founders-family/" rel="noopener noreferrer nofollow">allegations</a> prove to be true.
As the crypto industry continues to evolve, the case of Mr. Beast underscores the urgent need for clearer <a href="https://www.ethnews.com/legal-turmoil-continues-for-binance-as-new-money-laundering-allegations-emerge/" rel="noopener noreferrer nofollow">regulations</a> and more robust oversight to prevent misuse and ensure transparency and fairness in crypto asset trading.
The post <a href="https://www.ethnews.com/mr-beast-caught-making-millions-illegally-with-crypto-shocking-details-inside/" rel="noopener noreferrer nofollow">Mr. Beast Caught Making Millions Illegally With Crypto—Shocking Details Inside!</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Mr. Beast Caught Making Millions Illegally With Crypto—Shocking Details Inside!

ETHNews

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