From YouTube to crypto: MrBeast’s move into fintech explained

MrBeast’s crypto journey hasn’t been with out controversy.

In late 2023, investigator SomaXBT alleged the YouTuber earned over $10 million by backing low-cap tokens tied to pump-and-dump schemes.

One standout case concerned SuperFarm [SUPER], the place MrBeast reportedly acquired 1 million tokens after a $100,000 funding; simply earlier than costs surged and later collapsed.

Supply: Loock Advising

A further investigation report from Loock Advising claimed that he profited over $23 million via insider buying and selling linked to rug pulls.

When celebrities met crypto

MrBeast isn’t the primary celeb to enterprise into the world of crypto. Over time, quite a few public figures, together with Kim Kardashian, Floyd Mayweather, Lindsay Lohan, and Jake Paul, have been swept up within the digital asset frenzy, typically going through authorized penalties. 

Kardashian, as an example, paid a $1.26 million SEC tremendous for selling EthereumMax, whereas Mayweather and DJ Khaled resolved related allegations in earlier years. 

Regardless of these setbacks, the magnetic pull of crypto’s hype continues to draw high-profile names.