Dogecoin Co-founder, Billy Markus, also known as “<a href="https://twitter.com/BillyM2k" target="_blank" rel="nofollow noopener">Shibetoshi Nakamoto</a>”, on Twitter stated that the crypto market is doing a terrible job at protecting itself against scammers.
<h2><strong>Dogecoin Co-founder Explains Why the Crypto Market is Full of Scams</strong></h2>
According to Markus, the reason why <a href="https://www.cryptoknowmics.com/news/crypto-scams-how-to-spot-them/" target="_blank" rel="noopener">scams</a> often emerge in the crypto space is that the community is unable to control the space and clear it from scammers “it does a horrible job of policing itself”. Rather than go at scams and hunt scammers, the crypto space “enables scammers and defends the scammers,” per him.

This is down to the community’s “chronic behavior”, he tweeted, and so the crypto space “gets what it deserves”.
<blockquote><em>“Instead of getting mad at scams, the space (crypto) enables scammers and defends the scammers, no matter how obvious it is, through chronic bad behavior. It gets what it deserves,”</em> he added.</blockquote>
https://twitter.com/BillyM2k/status/1532765129141473280

Markus also noted that the mentality of trying to scam others or getting other people scammed just because the person was once a victim is cancerous. He was amazed when he discovered how scam bots have taken advantage of scam <a href="https://www.cryptoknowmics.com/news/ftc-report-crypto-scams-cost-victims-more-than-1-billion-since-2021/" target="_blank" rel="noopener">victims’</a> situations to still cause more damage to them.
<blockquote><em>“My goodness there are scam bots trying to scam when saying the words, ‘I got scammed,’ they need to find whoever makes these and throw them into a bottomless pit,”</em> he added.</blockquote>
https://twitter.com/BillyM2k/status/1532852959414956032

Dogecoin Co-founder Says He Won’t Call Out Crypto Scams Anymore

Dogecoin Co-founder, Billy Marcus stated that the crypto market is doing a terrible job at protecting itself against scammers.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Dogecoin Co-founder Says He Won’t Call Out Crypto Scams Anymore

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