Yeti Krabs is a character who will appear in the season 9 episode "Yeti Krabs."
The Yeti Krabs greatly resembles Mr. Krabs but with a different nose and grey hair around his kneck.
In the episode, he was first just told as a fictional character in a story by Mr. Krabs to get Squidward to work harder, but SpongeBob believed it was true so he started working in overdrive, but it ends up that the Yeti Krabs is actually real. The Yeti Krabs is based off a real animal, called the Yeti Krab, which was discovered just a few years ago.