A group of cryptocurrency sleuths have released a map of Mr. Beast’s alleged cryptocurrency wallets. Investigators say the YouTuber is connected to 50 cryptocurrency wallets and made around $23 million from them using a series of questionable techniques, including pump and dump schemes.

The last few weeks have been difficult for Mr Beast, whose real name is Jimmy Donaldson. The YouTube star is battling a series of scandals, including accusations of selling moldy cheese to children, corporate group chats allegedly sent to the FBI and an ongoing lawsuit filed by contestants in his upcoming show on Amazon. There is a distinct anti-Mr Beast mood in the air in some internet circles and the investigation into his crypto wallets is just the latest salvo.

THE team that mapped Mr. Beast’s crypto wallets is Kasper Vandeloock, SomaXBT, hxnterson, angelfacepeanut and rfparson. They published the investigation on a new website which describes itself as a “work in progress” that “prioritized the publication of Mr Beast’s article”.

Vandeloock and the others are well-known figures in the crypto world and the investigation appears to be an in-depth look into Donaldson’s crypto finances. “Their findings suggest a long history of insider trading, misleading investors and using his influence to promote tokens, only to dump them on the markets,” the investigation says. “This paper examines the various tokens associated with these allegations and insider trading, starting with the identification of wallets linked to MrBeast.”

The investigation is both compelling and inscrutable. For readers who aren’t already well-versed in the ins and outs of crypto, this will be difficult to parse. At first glance, it seems like Vandeloock and the others have the goods here. They mapped a complex network of connections between known Mr Beast wallets and other crypto assets on the blockchain.

There are photos of Donaldson partying with crypto entrepreneurs, large splashy public advertisements of him announcing his association with various crypto schemes, and screenshots of tweets, text messages, and DMs that show Donaldson interacting with crypto people. The investigation is a jumble of tables, graphs and long strings of numbers. Decryption requires working knowledge of cryptocurrency.

According to the investigation, Mr. Beast repeatedly invested large sums of money in cryptocurrency projects during their pre-sale period and achieved massive returns. Crypto is a tough industry to make money in and the survey showed that Donaldson makes more than he loses, especially for someone who doesn’t do it full time.

The claim is that Donaldson had relationships with the founders of various upcoming crypto projects. The investigation tracks these connections and shows how wallets connected to Donaldson invested heavily in various crypto schemes that he backed.

“With Mr. Beast’s track record of consistently earning significant returns while being a full-time content creator and owner of various businesses, it is extremely likely that his success in cryptocurrency investing will only be not the result of keen business intuition, but simply knowledge of insider information particularly related to upcoming brand deals and partnerships within his network, including the likes of KSI, GaryVee and LazarBeam,” a. he declared.

It’s possible that this complex nest of crypto wallets and transactions is actually masking some sort of fraud. Donaldson is a man who told TIME that he doesn’t consider himself rich and that it’s his mother who manages all the money. “I don’t have access to any of my bank accounts,” he told the magazine in February. “I have a CFO and everything, but one (Parisher) has access to the main bank account.”

But while there is compelling evidence in this crypto investigation, it is only seen by people with eyes for crypto. It may be that Donaldson’s “oh-shucks” attitude and his presentation as a put-together North Carolina boy mask a sinister crypto empire. But it will take someone with more crypto scam forensic expertise (like the SEC) to decipher it.

Donaldson has other problems to contend with. In September, five candidates for his next show on Amazon sued him. Beast games, as the show is called, it’s a riff on Squid games and subjects contestants to a variety of grueling challenges with the promise of winning $5 million. The lawsuit alleged that Donaldson’s team subjected the candidates to chronic mistreatment and sexual harassment.

Earlier this year, Donaldson teamed up with Logan Paul and KSI to launch Lunchly, a Lunchable-style snack. As the food hit store shelves, people online began posting videos of them finding moldy cheese inside. YouTube baking star Rosanna Pansino, who has a long-running dispute with Mr. Beast, posted a video earlier this month of her opening a moldy Lunchly, intensifying the allegations. The FDA told TMZ it received 10 complaints about mold in Lunchlies.

On October 27, Pansino also claimed that she contacted the FBI about Mr. Beast. At the center of Pansino’s new claim is a Telegram channel that she claims is a working discussion of the Mr Beast company. Pansino posted a seven-minute video on X that scrolls through the chat, highlighting memes and offbeat jokes shared among participants.

I reported what I found and my concerns to the authorities @FBI. I hope they look into these MrBeast Telegram company chat logs and other concerns. @YouTube @TeamYouTube #mrbeast

–Rosanna Pansino (@RosannaPansino) October 27, 2024

Mr. Beast did not respond to Gizmodo’s request for comment.