MrBeast accused of making $23 million using 50+ cryptocurrency wallets with alleged history of insider trading

Popular YouTuber Jimmy Donaldson, better known as MrBeast, has allegedly been linked to 50+ cryptocurrency wallets with a reported history of shady behavior. This includes allegations of insider trading and using his influence for pump-and-dump schemes that supposedly netted him a profit of around $23 million.

These accusations against MrBeast about using cryptocurrency wallets to manipulate the market and make a profit at the expense of his online supporters come from an investigation on the website loock.io dated October 29. This is not the first time he and his associates have been accused of irregular cryptocurrency activities.

Last month YouTuber Rosanna Pansino alleged that MrBeast and his friends were using a website named BustABit, which is illegal in the United States. In a YouTube video titled MrBeast is a CRIMINAL (Leaked Video), Pansino claimed Jimmy made his employees gamble and insinuated that the group was using illegal means.

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Loock.io investigation links MrBeast to over 50 cryptocurrency wallets with alleged evidence of insider trading

The loock.io investigation shared on social media details MrBeast's supposed cryptocurrency wallets, alleging that the YouTuber has over 50 of them that he used to his advantage since 2021, during the cryptocurrency boom.

The document claims that the YouTuber's main wallet '0x9e6' has had multiple "side-wallets" with regular transactions, especially when he is associated with various cryptocurrency projects, such as Refinable and SuperFam.

By mapping out the various connections between wallets, the investigation aims to prove that MrBeast, like many other people in his network – such as KSI and Alex Becker – regularly used multiple cryptocurrency wallets to farm and dump tokens.

Another major accusation against the YouTuber is that he engaged in several pump-and-dump schemes. He has been accused of promoting certain tokens like SuperFam (now SuperVerse) on social media to take advantage of the influx of investors by dumping his tokens at the right time.

As per the investigation, MrBeast allegedly made $11.4 million from SuperVerse, another $4 million from Ethernity Chain, $1 million from AIOZ, and $193K from Refinable. The total estimated net profit from all of the investments is around $23 million.

As for Insider Trading, a relevant section of the document reads:

"With MrBeast’s track record of consistently hitting large returns whilst being a full-time content creator and owning various businesses, there is an extremely high likelihood that his success in cryptocurrency investing is not the result of sharp trading intuition but just knowing insider information, particularly related to upcoming brand deals and partnerships within his network, including figures like KSI, GaryVee, and LazarBeam."

The investigation goes into detail about cryptocurrency projects like SHOPX and XCAD, where he made substantial gains with lucrative investments.

MrBeast's associations and links to other prominent figures in the cryptocurrency field, such as KSI, LazarBeam, and Alex Becker have also been included in the document. It insinuates that the YouTuber's high-profile network helped his investments.