Don’t invest in cryptocurrencies! Billy Marcus

One of the creators of Dogecoin, named Billy Marcus, warned about investing in cryptocurrencies and added that you should not count on investing in cryptocurrencies. Marcus has been against investing in cryptocurrencies for years, and investing in them Being involved is likened to mental illness.

Don’t invest in cryptocurrencies! Billy Marcus answers

Don't invest in cryptocurrencies! Billy Marcus answers
Don’t invest in cryptocurrencies! Billy Marcus answers

Billy Markus still does not say without reason that if we go to some meme coins in the market, the evidence shows that investing in anonymous cryptocurrencies can make you a pauper.

In the past two months, many meme coins have been launched in the cryptocurrency market, and many of them have lost all their value just a few days after their price increase. According to tweets by ZachXBT, an on-chain researcher and one of the most famous anonymous sleuths of the cryptocurrency market, one cryptocurrency wallet address has released around 114 memecoins in the last two months alone.

According to this digital currency market personality’s tweet on April 26, all the stolen amounts after the launch of meme coins were sent to a single wallet with the address “0x739c58807B99Cb274f6FD96B10194202b8EEfB47”. ZachXBT believes that there are more stolen addresses involved in this issue. This detective could not calculate the amount of money that was transferred to the account of this fraudster, because the fraudster transferred them to different accounts in order to divide the stolen amounts.

One of the Twitter users named Lucrafund, by researching this matter, found out that this fraudster transferred the stolen funds to a wallet on the Coinbase exchange.

After being asked about the lack of investigation into this suspicious transfer, the exchange stated that the amounts transferred were small and that the exchange did not suspect the account. This indicates that the fraudster has transferred a large amount of money to multiple small accounts.

Although transparent rules have not been created for radiations so far in the world, and this model is still not recognized from all countries of the world, it does not better investigate all your living assets on the currencies and think a bit of rational.

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