YouTube star MrBeast accused of making over $10 million in cryptocurrency “pump and dump” profits

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According to ChainCatcher news, YouTube star Jimmy Donaldson (MrBeast) has been accused of profiting over $10 million by promoting and then dumping tokens of several low-market-cap cryptocurrency projects.

According to an investigation by crypto investigator SomaXBT, MrBeast participated in the initial decentralized exchange offerings (IDOs) and token promotions of multiple projects, including SuperFarm ($SUPER), Polychain Monsters ($PMON), SPLYT ($SHOPX), and others. Some of the tokens dropped over 90% in price after MrBeast's sell-off, becoming a classic case of a "pump and dump" scam.

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