Some shocking news has come to light. It appears that YouTuber MrBeast—who has more than 300 million followers—is being investigated over suspected insider trading.



According to a report published by the investigation firm Loock Advising, he was involved with multiple token projects over a long period of time, while also selling large amounts of those tokens at the same time to earn profits. It suggests that he may have used his influence to promote the tokens, while secretly offloading them onto the market.

What was especially surprising was that the profits obtained from more than 50 cryptocurrency wallets associated with him exceed a total of $23 million. This suggests that it was likely not just individual investment, but rather a fairly organized operation.

A list of the related projects has also been released. Quite a number of projects have been named, including SuperFarm, ERN, AIOZ, Refinable, CryptoPunks, VeeFriends, SHOPX, XCAD, Jigstak, Polychain Monsters, Boson Protocol, and Standard Protocol, among others. It is said to also include relatively new projects such as PlayMetaGods and MetaWars.

It’s probably necessary for cases of market manipulation by celebrities like this to come to light from the perspective of transparency in the crypto market. However, the fact that suspected insider trading exists at this level should be a major warning to investors. It really drives home just how dangerous it is to judge based solely on recommendations from influential figures.
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