Dogecoin DOGE/USD co-founder Billy Markus, popularly known as Shibetoshi Nakamoto said that “another day, another dumb f***ing crypto thing dies” in light of the recent bankruptcy filing of Genesis.
What Happened: Genesis’ crypto lending unit filed for bankruptcy protection late on Thursday evening.
See More: Best Crypto Day Trading Strategies
crypto lending is stupid, everyone involved is a fucking idiot, the end— Shibetoshi Nakamoto (@BillyM2k) January 20, 2023
Markus took a dig at crypto lending companies calling them “stupid” and “everyone involved is a f***ing idiot”.
He also took a dig at Barry Silbert saying, that he was the one shorting Dogecoin on FTX in 2021.
it’s run by this guy, who announced he was shorting doge on FTX in 2021 https://t.co/1TmtRAyAbT— Shibetoshi Nakamoto (@BillyM2k) January 20, 2023
Genesis reported having between $1 billion and $10 billion in assets and liabilities in its filings with a U.S. bankruptcy court.
Price Action: Dogecoin was trading at $0.080, down 0.25% in the last 24 hours, according to Benzinga Pro data.
Read Next: FTX's New CEO Aims To Revive Defunct Cryptocurrency Exchange: What You Need To Know
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Get ready to uncover the secrets of decentralized finance and security in the crypto market with Crypto Unlocked , Benzinga's new virtual crypto event series. Don't miss out on this opportunity to learn from the experts and connect with fellow crypto enthusiasts — subscribe and turn on notifications for Crypto Unlocked on YouTube today !