MrBeast, aka Jimmy Donaldson, addresses crypto scam allegations in an interview with Oompaville, clarifying his position on pump-and-dump accusations against him. The well-known YouTuber faced increased scrutiny since early November.
YouTuber MrBeast is accused of earning over $10 million from promoting low-cap crypto tokens, benefiting from subsequent price surges before dumping them, which raises concerns about pump-and-dump tactics.
The Dutch Authority for the Financial Markets (AFM) has warned about crypto pump-and-dump schemes as new regulations will ban these practices starting Dec. 30 under the Markets in Crypto-Assets Regulation (MiCAR).
A pump-and-dump scheme involving a fake Trump crypto token misled investors by not clarifying its lack of direct ties to Donald Trump.
The SEC’s Office of Investor Education and Advocacy has issued an alert highlighting five common crypto scams. The SEC warns that fraudsters use sophisticated techniques to exploit the popularity of cryptocurrency, making fund recovery difficult.
Binance dismissed a team that identified market manipulation activities such as pump-and-dump schemes and wash trading by their VIP clients, according to the Wall Street Journal.
Meme coins named after ex-FTX co-founder Sam Bankman-Fried (SBF) experienced a pump and dump, rising 300x before crashing, during SBF's legal proceedings.
