Investigator Coffeezilla Probes MrBeast Over Crypto
Controversy
YouTube investigative journalist Coffeezilla, known for his deep dives into
influencer-driven scams and questionable financial schemes, released a
detailed video examining MrBeast’s alleged involvement in cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
ventures.
In the exposé, Coffeezilla scrutinizes MrBeast’s financial gains from crypto
investments. He confronts serious accusations of insider trading and
exploitation of his public platform for profit. However, MrBeast’s team
reportedly declined to provide detailed comments, instead issuing a carefully
worded legal statement.
Coffeezilla Investigation on MrBeast s Potential Scams
According to Coffeezilla, this complex story blurs the line between “shady”
and outright “illegal.” The investigation was prompted by allegations
circulating online.
Sponsored
Sponsored
Some claim MrBeast profited as much as $23 million through manipulative and
deceptive practices . Coffeezilla, known for his thorough research and
impartiality, reached out to various sources—researchers, crypto project
heads, and even MrBeast himself.
According to Coffeezilla, the accusations stem from two main sources. The
first is a report by SomaXBT, which alleges MrBeast made $10 million by
backing low-cap cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта tokens , which later plunged in value.
“An investigation into Mr. Beast, how he allegedly made $10 million+ by
backing low-cap IDO crypto tokens promoted by influencers like Lark Davis,
CryptoBanter, KSI, and others. Many of these projects are now down over 90%,
with some rebranding after major losses,” SomaXBT shared on X (formerly
Twitter).
Another group, look.io, claimed he made even more through “scams, shady deals,
and his network of connections.” Coffeezilla asserts that while some
allegations seem exaggerated, there is credible evidence supporting others,
making it difficult to offer a single, definitive judgment.
Key Allegations: Inside Deals and Suspicious Tweets
Coffeezilla begins by dissecting a few specific cases involving cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
projects in which MrBeast allegedly participated, including Super and Earnity
Chain. According to the report, MrBeast invested in these projects, later
promoting them publicly while secretly selling off his shares. This led some
to believe he was engaging in unethical, if not illegal, market manipulation.
For instance, Coffeezilla discusses leaked screenshots showing MrBeast’s
alleged involvement in Super’s pre-sale. According to these images, MrBeast
invested $100,000, ultimately cashing out over $10 million. Coffeezilla points
out that MrBeast tweeted twice about Super, one of which came suspiciously
close to a sale of tokens by a wallet linked to him.
Sponsored
Sponsored
In another tweet, he hinted at the project’s value, saying “super” in response
to a comment about the token’s potential growth. Coffeezilla suggests this
could have influenced MrBeast’s followers to buy in while he was secretly
offloading his investment, a potential conflict of interest.
According to Coffeezilla, this pattern is repeated in the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
Earnity Chain. MrBeast’s name was prominently featured on the Earnity Chain
website. He even allegedly promoted an associated NFT• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен (non-fungible token• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен)
charity auction meant to benefit his “Team Seas” initiative.
Yet, records show his alleged wallet sold millions of Earnity tokens during
the auction’s two-month campaign. Coffeezilla acknowledges that the charity
auction itself performed poorly. Nevertheless, the investigator criticizes the
timing, labeling it a “terrible look” for MrBeast, known as the “charity guy.”
A Complicated Network of Influences and Power Players
According to Coffeezilla, one of the most complex elements of the story is
MrBeast’s involvement in crypto beyond his direct actions. The detective
uncovers links between MrBeast’s investments and Jason Williams , a figure in
the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта space who appears to have managed some of these funds.
Coffeezilla found that Williams was connected to the same wallet linked to
MrBeast’s investments. Reportedly, he often promoted and sold tokens
associated with MrBeast’s name. This association could potentially absolve
MrBeast of some responsibility, but as Coffeezilla points out, the boundaries
remain unclear.
Sponsored
Sponsored
Of note is that MrBeast has occasionally spoken publicly about his
investments, including a now-infamous conversation with Logan Paul , where he
discussed purchasing CryptoPunks• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » NFT - невзаимозаменяемый токен after a call with influencer Gary Vee.
“So, it seems like MrBeast was very much aware of, and in some cases directly
involved in, decisions to buy and sell crypto,” Coffeezilla concludes.
While MrBeast’s team denies he was directly involved in trading, Coffeezilla
finds it hard to believe MrBeast was entirely hands-off.
MrBeast’s Team’s Response (Or Lack Thereof)
Sponsored
Sponsored
In response to these allegations, MrBeast’s team provided a statement. In it,
they assert that his investments were managed through a fund that consulted
with industry experts and adhered to all “appropriate regulations.”
According to the team, MrBeast did not control the day-to-day trades. Yet, as
Coffeezilla observes, the statement “takes zero accountability” and fails to
address specific claims about MrBeast’s tweets and sales.
Critics say MrBeast’s brand is being used as a marketing tool in
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта projects, leading to inflated values that hurt regular
investors. This becomes especially problematic given MrBeast’s vast following
and reputation as a philanthropist.
Sponsored
Sponsored
For Coffeezilla, the issue is not merely about legality; it is about ethics.
He suggests that while MrBeast’s actions may not be criminal, they still raise
questions about his responsibility to his audience.
“I think to MrBeast and probably to his fund, this is just business• Экономика » Бизнес. They set
out to make a lot of money, and they made a lot of money—what’s the problem,
right?” Coffeezilla quipped.
Indeed, Coffeezilla’s exposé is a compelling, if unsettling, reminder of the
blurred lines between fame, finance, and influence within the crypto playing
field.
Top crypto platforms | November 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
Сoinex Explore
Top crypto platforms | November 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
Сoinex Explore
Top crypto platforms | November 2024
ChainGPT
BYDFi
Margex
Сoinex
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to
unbiased, transparent reporting. This news article aims to provide accurate,
timely information. However, readers are advised to verify facts independently
and consult with a professional before making any decisions based on this
content. Please note that our Terms and Conditions , Privacy Policy , and
Disclaimers have been updated.