MrBeast, one of YouTube's most popular creators, is currently facing serious allegations related to cryptocurrency schemes. Blockchain investigator SomaXBT recently accused him of engaging in "promote-and-dump" schemes, where he allegedly promoted certain cryptocurrency tokens before selling off his holdings at inflated prices. Notably, MrBeast is claimed to have invested in projects like SuperFarmDAO and then used his influence to drive up the value of its token, SUPER, eventually selling his holdings and earning significant profits—reportedly upwards of $9 million from this project alone. Similar accusations involve other tokens like Polychain Monsters, STAK, and SHOPX.

These accusations reflect a broader concern within the crypto industry, where prominent influencers have previously been implicated in similar "pump-and-dump" tactics, which harm retail investors and erode trust in smaller crypto projects. While MrBeast’s team has yet to issue an official response, the allegations are stirring a debate around the ethics of influencers promoting volatile financial products without disclosing potential conflicts of interest. 

And people think we dont need regulation? ))