YouTube megastar MrBeast has allegedly profited over $23 million through a complex network of cryptocurrency wallets and insider trading activities, according to findings from a team of blockchain investigators.
A collaborative investigation by a few crypto analysts has mapped an intricate web of over 50 wallets allegedly controlled by the content creator. It shows systematic profit-taking from multiple crypto projects before their collapse.
An investigation into @MrBeast's crypto activities and how he profited over $23M from a multitude of scams, shady deals & his network
in collaboration with @hxnterson @angelfacepeanut @somaxbt @rfparsonhttps://t.co/xocBH9X8PM
— Kasper Vandeloock (@KasperLoock) October 30, 2024
Research Team Reveals MrBeast’s Alleged Operation Details
“Our investigation revealed a sophisticated operation involving strategic presale investments and coordinated selling across dozens of wallets,” stated lead investigator @hxnterson, adding,
“The pattern suggests advance knowledge of promotional activities and price movements.”
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The largest single profit came from SuperFarm (now SuperVerse), where blockchain records show a $100,000 investment was turned into over $11.4 million through carefully timed sales across multiple wallets.
Network Analysis Exposes Key Connections
Network analysis exposed connections to other influential figures, including KSI and Alex Becker. This was revealed from leaked messages revealing private groups where information about upcoming projects was shared before public announcements.
Researchers documented similar patterns across multiple projects:
- Early allocation of tokens before public sales
- Distribution of holdings across subsidiary wallets
- Coordinated selling during price peaks
- Consistent exits before major price declines
Most projects involved in the investigation saw devastating losses after the identified wallets sold their positions. For example, SuperFarm dropped 99.96%, while Refinable fell 99.5% from its peak.
The analysis suggests MrBeast leveraged his massive social media following of over 320 million subscribers through subtle endorsements.
It was often limited to following project accounts or making brief promotional mentions that coincided with selling activities.
Investigation Reveals Sophisticated Wallet Management
The research revealed an intricate system of wallet management. MrBeast’s primary wallet served as the central hub for receiving token allocations, which were then distributed to secondary wallets for coordinated selling.
Specific wallets were designated for “farming” operations, maintaining regular transfers to major exchanges including Binance and Gemini. The investigation identified shared deposit addresses that connected multiple wallets within the network.
The investigation remains ongoing as researchers continue uncovering new wallet connections and transaction patterns. While the evidence appears substantial, the team emphasizes their conclusions are based on blockchain analysis and are alleged and not proven.
