Home NFT News Beanie Exposed? NFT Influencer Faces Long List of Scamming Allegations

Beanie Exposed? NFT Influencer Faces Long List of Scamming Allegations

Logo for exposed scammer and NFT influencer Beanie

Has the NFT influencer Beanie finally been exposed as the scammer that so many have claimed him to be in the past? A Twitter mega-thread from the account NFT Ethics (@NFTethics) is citing a mountain of evidence to back up that allegation. Here’s a summary of what NFT Ethics found out about the man behind the Beanie persona.

Logo for exposed scammer and NFT influencer Beanie's GM Capital
Gm Capital, a VC fund for the NFT space, is one of Beanie’s most recent ventures. Credit: @beaniemaxi on Twitter

NFT Ethics’ 70-Tweet thread claims to expose Beanie as a prolific scammer

Predictably, NFT Ethics’ thread has become the news du jour of NFT Twitter. Indeed, countless people have tried to expose Beanie as a scammer in the past. As a matter of fact, hours before the NFT Ethics thread, another Twitter user @derekcapo also Tweeted accusations about Beanie.

With that said, none of Beanie’s other accusers have provided the incredible amount of evidence that NFT Ethics does in the series of Tweets. So what exactly is NFT Ethics accusing the influencer known as Beanie of?

The beginning tweet of thread that exposed NFT influencer Beanie
NFT Ethics offered some important disclaimers before unleashing a mountain of evidence against Beanie. Credit: @NFTethics on Twitter

NFT Ethics first gives reasons for doxing Beanie in the thread

Throughout the thread, NFT Ethics uses screenshots showing the real names of Beanie and others who have worked with him. This action of exposing the information of otherwise anonymous figures is commonly known as “doxing” and is not taken lightly. To that end, NFT Ethics begins by explaining why they felt they had no choice but to Dox Beanie.

Some of the first Tweets are as follows:

“Decentralization has various advantages, but also specific disadvantages for which the NFT space currently does not have a solution. Anonymous people have less of an incentive (or even no incentive at all) to act morally/ethically and to take accountability for their actions.”

Without a doubt, NFT Ethics’ argument would not carry the same weight if they had not exposed Beanie’s real name. That is because they give evidence of Beanie having a history of alleged scams. Not only attached to his Twitter persona, but also his apparent IRL identity.

Not to mention that this allows for third parties to fact-check the evidence. After all, NFT Ethics confirms that all the proof it gives, “is from publicly available data”.

screenshot of Monkey bet dao website,
NFT Ethics’ thread begins by exposing the nature of Beanie’s true connection to the Monkey Bet DAO project. Credit: Invariant Labs

Charles Moscoe aka Beanie is allegedly the true owner of a company behind multiple scams

The trail starts with Monkey Bet DAO and Royal Gaming Technology

Towards the end of 2021, Beanie was publicly promoting Monkey Bet DAO (MBD). To sum up, MBD is a project which describes itself as a DEX gaming and NFT protocol. Its main website is an online casino that rewards players with tokens. MBD was supposedly run by a company called Invariant Labs. 

But members of Monkey Bet Dao became suspicious when they started finding evidence that Invariant Labs was just a front for a company called Royal Gaming Technology (RGT). Beanie not only denied this, but he also claimed to have never heard of RGT.

To clarify, Beanie claimed to have invested only a “very small” amount into MBD back in December 2021. In stark contrast, NFT Ethics asserted that Beanie not only knew about RGT but exposed him as the main person behind it. Thus saying that he was running MBD as well.

screenshot of rgt.com casinos scammers
According to NFT Ethics, Charles Moscoe aka Beanie paid to have this website linking him to RGT taken down two weeks ago. Credit: @NFTethics on Twitter

NFT Ethics Says NFT Influencer Beanie and Charles Moscoe of RGT are the same person

The link between Beanie and RGT is the central point of the thread. As NFT Ethics elaborates, some of Beanie’s alleged crypto scams involve him pretending to be an investor in a project or business that he actually ran through RGT.

It’s important to note here that the thread later explains that RGT is registered in Panama. In addition, the man listed as the director of RGT is also listed as an officer of an offshore entity that appears in the Panama papers.

To be sure, mentioning the scandalous Panama Papers could be an attempt to further call Beanie’s character into question by linking him to shady characters. In any case, there is an important point to take away here. Namely, it helps NFT Ethics to point out the pattern of Beanie/Moscoe using proxies as a way to stay hidden.

At one point, there was a Facebook group and website that linked Beanie’s real identity to RGT. But NFT Ethics states that Beanie paid them off to have the websites taken down. Even so, other links between Beanie and RGT come from one of RGT’s apparent scams. A scam called TokenPay.

cropped picture of NFT influencer Beanie IRL
NFT Ethics included this (intentionally) cropped photograph of Charles Moscoe – apparently Beanie’s real name.

Beanie’s involvement in TokenPay

NFT Ethics notes that TokenPay raised 22-34 million dollars worth of Bitcoin in what it calls an illegal ICO. Practically none of the investors in TokenPay got any money back. NFT Ethics even compares its price drop of $10.88 to $0.05 to the drop of $BLGD. For those unfamiliar, $BGLD is one of the alleged rug pulls that Beanie receives blame for.

NFT Ethics provided screenshots of conversations in which Beanie directly references his name change on Discord from EC to Beanie. To explain, EC is one of a number of TokenPay Twitter handles that NFT Ethics claims Beanie had used. 

Screenshot ofDiscord conversation exposing one of Beanie's aliases
NFT Ethics used one of Beanie’s former aliases, “EC”, in part to link him to TokenPay, and thus, RGT.

Not only that, but NFT Ethics goes on to show other evidence of Beanie investing in TokenPay using his real name. So clearly, Beanie/Moscoe was very involved with TokenPay. And it just so happens that Royal Gaming Technology eventually took over TokenPay. RGT even posted a couple of blogs on Medium about it.

Many of the Tweets in the thread continue to provide links between people working for RGT and other scams. Let’s look at some of those.

Other Invariant Labs/RGT scams exposed in the Twitter thread

cryptobet website screenshot
The websites for RGT’s CryptoBet.com and Invariant Labs’ Chimp Bet had some nearly identical pages. Credit: @NFT Ethics on Twitter

RGT links to both Chimp Bet and CryptoBet.com Exposed

Chimp Bet is another online casino attached to MBD and Invariant Labs that promised NFT rewards for players. However, it seems from Discord messages in the MBD server that it was essentially just a rug pull. A crystal clear and very public link from Chimp Bet back to RGT comes via the director of Chimp Bet, who turned out to be RGT’s Manager of Sales.

Then there’s the sports betting site CryptoBet.com. In one Tweet, NFT Ethics describes a link between RGT and CryptoBet by way of the Monkey Bet Dao. The Tweet reads:

“There is a CryptoBet video on YouTube that features a person that has exactly the same voice as the MBD project lead Owlman (Twitter handle: Owlman1of1), and during one of the MB Twitter Spaces Beanie mentioned his first name, which did indeed match [the name of the person in the CryptoBet video].” 

There’s also evidence of Beanie lying about who Owlman is. To illustrate, he at one point claimed in Discord messages that Owlman is a “top gaming dev”. In reality, he is the General Manager of RGT. Beanie knowing Owlman’s true identity – and lying about it – makes a lot of sense in light of their connections to RGT.

And there’s more linking Owlman to Beanie and RGT. Specifically, an ENS domain matching Owlman’s real name linked to a wallet that deployed a token called CBET. NFT Ethics calls CBET, “ a ‘scam token’, associated with a variety of ‘scam projects’”. And guess what one of those scam projects is? TokenPay.

screenshot of NFT influencer Beanie's response to allegations
Beanie has denied being a scammer but hasn’t given any specific rebuttals so far.

What happens to Beanie now?

The thread goes on to detail a number of scams Charles Moscoe allegedly carried out long before he entered the NFT space. On the whole, it paints a pretty damning picture of the NFT influencer known as Beanie and posts a lot of evidence to back up its claims.

Incredibly, this new NFT scandal has some things in common with the last big one involving the doxing of an NFT influencer. That is of course when Pudgy Penguins founder ColeThereum was “canceled” after he and the other founders were exposed for seemingly draining that project’s funds.

We haven’t heard anything from Cole since then. Whether Beanie will also slip away to avoid the worst of the heat from NFT Twitter isn’t clear. The usually combative influencer has been quiet by his standards since the thread dropped.

There have already been moves from some of the projects that he shilled hardest to distance themselves from him. Indeed, the founder of Pixel Vault came out early to say that it would no longer involve Beanie.

In addition, the team behind Wolf Game simply said that they were “aware” of the statements. It will be interesting to see how having one of its biggest cheerleaders exposed will affect the game, if at all.

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