MrBeast denies involvement in crypto pump-and-dump schemes, calling accusations false.
He humorously dismisses insider trading claims, stating funds manage his crypto assets.
MrBeast considers suing DogPack404 for defamation over spreading misinformation.
MrBeast, the famous American YouTuber and philanthropist, has responded to recent accusations linking him to crypto pump-and-dump schemes. The allegations, which surfaced in early November, have stirred controversy in the crypto community.
Speaking in an interview with YouTuber Oompaville on November 23, MrBeast, whose real name is Jimmy Donaldson, categorically denied any involvement in such schemes.
The controversy began when influencers like DogPack404 and Rosana Pansino claimed that MrBeast was connected to multiple pump-and-dump incidents in the crypto space. These allegations have attracted significant attention, especially after reports from Coffeezilla suggested MrBeast may have been involved in insider trading.
According to these reports, MrBeast supposedly had knowledge of certain crypto wallets being manipulated for profit. However, in his response, MrBeast dismissed these claims as baseless and false.
In the interview, Donaldson humorously referred to the accusations, stating, "Maybe I am too stupid to manage my wallets, and that’s why I let funds handle them." This sarcastic remark was aimed at refuting the notion that he had any direct involvement in manipulating the markets.
He further explained that professional funds, not himself handle the management of his crypto assets.
The interview also addressed the potential legal action against those spreading misinformation. MrBeast confirmed that he was considering suing DogPack404 for defamation, adding that the spread of false information had caused harm to his reputation and businesses.
Donaldson emphasized that there were numerous examples showing that DogPack404 had deliberately misrepresented facts regarding his crypto activities.
MrBeast's clear stance in the interview has provided a different perspective on the ongoing controversy. Despite the accusations, Donaldson remains firm in denying any wrongdoing and continues to focus on his charitable efforts and business ventures.