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MrBeast's $23M Crypto Earnings Report Generates 1 Million Impressions

MrBeast's M Crypto Earnings Report Generates 1 Million Impressions

Researchers have released a new report claiming that MrBeast, YouTube's biggest star, made $23 million in cryptocurrencies “through a variety of scams, shady deals, and his network.”

However, the heavily backed report also shows signs of being less than 100% credible.

In fact, the credits, which thank the pseudonymous researchers, who each have fewer than 4,000 followers on X (formerly Twitter) at the time of publication, read more like applications than credible biographies.

Additionally, the lead researcher's website – a standard SquareSpace template barely filled with enough content to function – provides no information about the company, location, or legal details of its operations.

In addition, the document backs up most of his claims about MrBeast's crypto profitabilityoften relying on phrases such as “we believe,” “a strong indicator,” “they may have had inside information,” and “most likely lost their money.”

MrBeast's $23 Million: More From Crypto 'Scam' Or 'His Network'?

Much of the report focuses on MrBeast's promotion of crypto tokens, the value of which subsequently fell. Of course, with millions of token offerings throughout history and a failure rate of over 99%, this comes as no surprise to anyone familiar with the industry.

It is also not illegal to promote things that lose value, as long as the promoter follows the relevant laws.

Read more: Leaked document allegedly shows how much influencers charge to spread crypto on Twitter

The researchers also pointed to MrBeast's support from various social networks, on-chain detective work, and leaked screenshots and documents. Some of the evidence is as original as it is questionable.

Cointelegraph expanded on the report – but declined to write an article on the topic – and the topic was trending on X on Wednesday. Earn over 1 million impressions.

Mixed reactions filled the comment sections. Many were not surprised by claims that a social media superstar promoted failed crypto projects. Others asked for confirmation from credible researchers.

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