Dogecoin founder Markus calls 95% of cryptos as scams, Elon Musk reacts; Know these popular frauds
Trading in cryptocurrencies is highly risky and they're extremely volatile. Since there are no regulatory backups in cryptos, chances are they are also highly vulnerable to frauds and scams. A new debate has sparked after DOGE co-founder Billy Markus claimed that 95% of the cryptocurrency projects are scams. This even grabbed the attention of the world's richest man, Elon Musk who likes Dogecoin and has been vocal about it. There are some popular frauds that have been used as a medium to rob crypto investors.
Through his Twitter account, Billy Markus, co-founder of Dogecoin (DOGE) said, "the reason why people think crypto is 95% scams and garbage and most crypto people are assholes is because crypto is 95% scams and garbage and most crypto people are assholes."
He added, “let’s change that. it starts with you - what you support, and how you behave."
To which, Musk replied with a laughing emoji. Tesla and SpaceX CEO Elon Musk has shown his likeness for Dogecoin since early 2021. Musk has been occasionally replying to Markus tweets.
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