Dogecoin founder Billy Markus and DOGE Influencer Matt Wallace are locked in a bitter fight, as the former accused Wallace of defrauding investors over the YouTuber’s newly created token. To give a better context, the feud started on March 23 March when Wallace revealed that he is planning to encourage the adoption of dogecoin payments by educating the retailers.
For his pet project, he attempted to raise funds by developing a new token dubbed Dogecoin, which Markus found suspicious. The Doge creator then sent out a tweet warning legal action against Wallace advising him to not release the token as it amounts to a trademark violation and asked him to stop talking about the coin.
But Wallace did not stop there. He along with his fellow YouTuber Myles G launched another token called AcceptCrypto on 30 March, whose inauguration was a huge flop causing its value to crash after seeing a 12,000% surge. That stirred the hornet’s nest and the dogecoin community accused Wallace and Co. of employing a pump and dump scheme which he vehemently denied.
Things went further south when the YouTuber threw auditing firm Solidity Finance under the bus claiming the latter to be responsible as they are the ones who created the actual code. Following this, the firm tweeted that even though they had created the code and audited it, they have no control whatsoever over the project and called the accusation as “disheartening.”
How did the Dogecoin founder react?
The uproar further infuriated Markus who responded via Twitter that he does not enjoy calling out scammers as it invites harassment and death threats because “Evil is Evil”. But can make an exception in this case, as he feels the reputation of the meme coin is at stake and urged the community members to take action.
Markus warned if not acted, this ‘disaster’ would have been named “accept doge”. The founder then explained to the users how one can identify a shitcoin and advised against investing in these tokens as they are rife with scams, and rug pulls. In his own words, the tweet read,
“What’s a shit token? every single BSC token ever made, if there’s an exception I don’t know about it. any “meme” token. Anything that has no use case. any token that people spam on threads. If you buy them, you’re stupid. if you make them, you’re stupid.”
