In a recent video, YouTuber Coffeezilla, known for his deep dives into online scams and fraud, explored allegations surrounding popular content creator Jimmy “MrBeast” Donaldson. Last month, an article from loock.io accused MrBeast of engaging in unethical cryptocurrency activities through various blockchain wallets linked to him. The allegations included claims of insider trading, market manipulation, and pump-and-dump schemes, allegedly netting MrBeast up to $23 million. Coffeezilla’s latest 24-minute investigation offers a closer look at these accusations, though the findings remain inconclusive.
In a statement posted on X, Coffeezilla acknowledged the complexities of the case, noting that opinions were divided. He consulted crypto experts, project owners, and even reached out to MrBeast, but opinions varied widely. “Some people claim Jimmy did nothing wrong, while others say his team’s actions are damaging his reputation,” he wrote. “I’ll let you decide who you believe.”
The allegations against MrBeast are part of a series of recent controversies involving the YouTuber, who has faced criticism for his partnership with Logan Paul and KSI on Lunchly, a product that allegedly had quality issues, as well as accusations regarding business culture and the handling of cryptocurrency projects.
Coffeezilla’s video dives into MrBeast’s alleged involvement with specific tokens, including SuperVerse, Ethernity Chain, and XCAD, claiming these dealings appeared dubious and potentially illegal if direct involvement could be proven. The most significant allegation centers on SuperVerse, where Coffeezilla claims MrBeast may have profited over $10 million from a $100,000 investment. Screenshots purportedly show MrBeast messaging the token’s founder about a presale, followed by wallet activity that appeared to sell Super tokens aggressively.
A statement from MrBeast’s publicist, Matthew Hiltzik, denies direct involvement by MrBeast. Hiltzik claims that a team of experienced managers handled the investments, ensuring compliance with regulatory standards, and argued that the wallets associated with MrBeast were not personally managed by him.
However, Coffeezilla questions how disconnected MrBeast could be from his crypto investments, noting, “It’s hard to believe MrBeast is completely unaware of what’s happening.” He further explores the link between Rocket Fund, MrBeast’s investment arm, and token sales connected to events like #TeamSeas, a charity effort where Ethernity tokens were auctioned. Coffeezilla alleges that shortly after Rocket Fund’s involvement, the team began offloading tokens during the charity’s auction period, a move he called “wrong, stupid, and unethical.”
Regarding XCAD, another token linked to MrBeast, Coffeezilla notes the influencer’s involvement was promoted to drive investor interest, though MrBeast didn’t tweet about the token directly. Oliver Bell, XCAD’s founder, confirmed that a wallet linked to MrBeast’s team engaged in heavy sales, but refrained from blaming MrBeast himself, suggesting the influencer’s crypto team may lack the expertise needed to handle these investments effectively.
Ultimately, Coffeezilla remains cautious in drawing conclusions. He highlighted that the investigation leaves open-ended questions about MrBeast’s knowledge and direct involvement. His lack of direct response—opting instead for statements from his crisis management consultant—further fuels public speculation.
For now, Coffeezilla’s investigation has broadened the reach of the allegations, but without concrete proof linking MrBeast directly to shady activities, the matter remains unresolved. As with past controversies, Coffeezilla encourages viewers to weigh the evidence and decide for themselves whether MrBeast’s reputation is at stake due to his team’s handling of crypto assets.
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