Report from on-chain sleuths links MrBeast’s crypto wallet to shady shilling, millions in profits
A group of crypto on-chain analysts and social-media investigators have published a detailed analysis connecting the publicly identified crypto wallet of Jimmy Donaldson, aka MrBeast, to a wide network of seemingly suspicious activity. Their investigation alleges MrBeast has made $23 million from a multitude of scams, including pump-and-dump schemes.
In complicated and detailed maps showing links between several wallets, the analysts laid out both on-chain evidence and supporting posts from X (formerly Twitter) that showed MrBeast engaging with various projects. Being involved with crypto projects and profiting off them isn’t inherently bad, of course, and MrBeast and his Lunchly partner, Logan Paul, have been open about buying NFTs such as CryptoPunks in the past.
What does look suspicious, on the other hand, is called out by the paper:
“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.”
It’s a very technical report to read and hard for anyone without deep on-chain crypto knowledge to follow, but even the best trader in the world doesn’t see huge profits on 100% of their investments.
This is not great news for MrBeast, who besides dealing with mini-Beast competitors, is facing news that the Lunchly line is full of mold, as well as a lawsuit over his Amazon show which claims conditions while filming “endangered the health and welfare” of participants.
In complicated and detailed maps showing links between several wallets, the analysts laid out both on-chain evidence and supporting posts from X (formerly Twitter) that showed MrBeast engaging with various projects. Being involved with crypto projects and profiting off them isn’t inherently bad, of course, and MrBeast and his Lunchly partner, Logan Paul, have been open about buying NFTs such as CryptoPunks in the past.
What does look suspicious, on the other hand, is called out by the paper:
“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.”
It’s a very technical report to read and hard for anyone without deep on-chain crypto knowledge to follow, but even the best trader in the world doesn’t see huge profits on 100% of their investments.
This is not great news for MrBeast, who besides dealing with mini-Beast competitors, is facing news that the Lunchly line is full of mold, as well as a lawsuit over his Amazon show which claims conditions while filming “endangered the health and welfare” of participants.
