Dogecoin Co-Founder Slams Genesis Bankruptcy Filing: 'Another Day, Another Dumb F***Ing Crypto Thing Dies'

Dogecoin (CRYPTO: DOGE) 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.  

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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.

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