Cointelegraph - MrBeast faces allegations of profiting over $10 million through crypto pump-and-dump schemes, sparking ethical concerns and highlighting the need for user vigilance in the cryptocurrency market

in blockchain •  3 months ago 

https://cointelegraph.com/news/mr-beast-allegedly-profited-promoting-dumping-altcoins
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MrBeast, a prominent YouTuber, has been accused of participating in crypto pump-and-dump schemes, allegedly profiting over $10 million through the promotion and sale of low-cap tokens.

A blockchain investigator, SomaXBT, claims MrBeast inflated the value of tokens like SUPER, only to sell his shares for significant gains, raising ethical concerns within the crypto community.

Users are advised to exercise vigilance, as pump-and-dump schemes can harm both investors and the wider cryptocurrency market.

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