Content creator Coffeezilla , who’s best known for his investigations into cryptocurrency scams, looked into MrBeast ’s alleged involvement in shady cryptocurrency schemes — and he’s released a nearly 25-minute video detailing his suspicious findings.
Coffeezilla posted an extensive investigation into MrBeast’s cryptocurrency moves, calling his findings “Wrong, stupid, and unethical.” What Coffeezilla found could be considered illegal, according to the YouTuber, but only if it’s able to be proven that MrBeast was involved.
In his exposé video, Coffeezilla addressed an instance of suspected “insider trading” when MrBeast allegedly made a substantial amount of money from the sale of the coins PMON (Polychain Monsters) and STACK (JIGSTACK). Current allegations suggest that the sale of these coins was because of insider information related to his business partner KSI’s promotion of them.
Coffeezilla said of his investigation into the matter that “there’s simply no evidence provided” or “concrete proof” that MrBeast was involved in insider training. “I’m going to stick with what we can prove happened,” Coffeezilla explained.
Coffeezilla also talked about MrBeast’s involvement with SuperVerse — a cryptocurrency project that the famous YouTuber supposedly made over $10 million from based on a presale purchase of $100,000. Coffeezilla said of the situation that MrBeat utilized his brand to promote they coin and then sold it off afterwards. Coffeezilla’s evidence for this was reportedly leaked communications between MrBeast and SuperVerse’s founder — plus a cryptocurrency wallet that looks like it’s connected to the YouTuber.
“We have leaked screenshots showing Mr Beast telling Super’s founder that he can do $100K,” Coffeezilla claims in his video. “We have a wallet that both investigations traced to Mr Beast sending $100,000 to the presale wallet. We have the same wallet getting millions of these Super tokens in a period of unlocks which were almost all sold aggressively.”
As a response to Coffeezilla’s allegations, he shared a statement that he received from MrBeat’s representative Matthew Hiltzik, who wrote, “These investments were made and managed in consultation with industry experts to ensure full compliance with all appropriate rules and relegations. The wallet is not owned or managed by Jimmy, but rather a fund led by respected and sophisticated managers.”
Check out the full video up above in which Coffeezilla also explores MrBeast’s connections to the crypto tokens Ethernity and XCAD.
Late last month, a group of crypto sleuths went public and alleged that MrBeast has a massive web of more than 50 cryptocurrency wallets that have made him $23 million through a series of shady crypto schemes.
Earlier this month, MrBeast addressed one of his latest scandals, involving a collaborator allegedly grooming a minor, by hiring celebrity attorney Alex Spiro to do a full investigation of his company. Spiro reported that the grooming allegations were “baseless” — however, he did find instances of workplace harassment.
