Scammers, posing as Team Water, MrBeast's charity, defraud an investor out of $1.25 million; MrBeast offers a $100K reward for information leading to their capture.
In an unfortunate turn of events, Swedish entrepreneur Erik Bergman has fallen victim to a sophisticated charity-based cryptocurrency scam involving MrBeast's Team Water initiative. The bounty-worthy incident, aimed at encouraging tip-offs to track down the perpetrators, has left Bergman feeling like he'd been hit with a punch in the stomach.
The scam unfolded when Bergman, initially intrigued by MrBeast's August 2025 initiative to raise $40 million for clean water projects, decided to invest $1.25 million. His faith in the project grew as he believed other wealthy donors had joined and the token's value was increasing. However, it was not long before Bergman's doubts grew when he noticed inconsistencies, such as a supposed US influencer using a British phone number.
The impostors, posing as Team Water representatives, promised Bergman a trip to Africa to witness water wells being built alongside celebrities and influencers. To add credibility, they even introduced a supposed cryptocurrency partnership and used someone impersonating MrBeast to promote a fake token. The impersonation of MrBeast was a key part of the scam, as the fraudsters used him to promote the fraudulent token.
The truth was revealed to Bergman after a direct call with MrBeast, who condemned the scam and expressed his determination to hold the perpetrators accountable. In a show of solidarity, MrBeast has pledged a $100,000 reward for information leading to the conviction of the scammers who impersonated Team Water.
This incident serves as a stark reminder to be vigilant when it comes to charity donations, especially those involving cryptocurrencies. While no new information about the scammers' identities or their methods was provided, it is crucial to report any suspicious activities to the relevant public authorities to ensure the perpetrators are brought to justice.
