Dogecoin Co-Founder Calls Cuban and Other VCs ‘Crypto Scammers’

Dogecoin founder accuses Mark Cuban of accusing of scamming crypto investors

Dogecoin co-founder Jackson Palmer recently lashed out at Mark Cuban, the owner of the Dallas Mavericks for crypto scamming. Recently in an interview, Palmer stated that the billionaire entrepreneur Cuban and other VCs have "drunk the Kool-Aid" on cryptocurrencies and NFTs. It is generally believed that a person who 'drinks the Kool-Aid" is involved in a potentially hopeless or silly adventure to gain large profits or benefits of any sort. Palmer informed the news publication that he believes Cuban is blindly believing in NFTs and cryptocurrencies and might be a paid celebrity who just promotes digital currencies.

Just a few weeks ago, back in August, a group of crypto investors filed a class-action lawsuit against the Shark Tank icon, Mark Cuban, along with his firm Dallas Mavericks, for promoting the volatile Voyager Digital crypto platform that went bankrupt and resulted in the loss of billions of dollars for the customers. The accusers claimed that Cuban is nothing more than a part of a massive Ponzi scheme, leading them to lose a huge part of their savings. These accusations say a lot about Palmer's accusations against Cuban, which currently seem partially correct!

Since the interview, crypto experts have been divided over the debate whether Cuban is really brainwashed about crypto or not. Palmer has also pointed out criticisms against the Dogecoin supporter, Elon Musk, and claimed that he is just attempting to sabotage Twitter and lacks the simple ability to code. Meanwhile, Cuban has been really supportive of cryptocurrencies. Being a crypto founder himself, Cuban has also heavily invested in cryptocurrencies, indicating that he truly believes in the potential of crypto assets.

Currently, with the rising number of crypto scams, these accusations might trigger investors to drop out of the crypto market. As more and more people seem to be interested in investing in cryptocurrencies, scammers are taking these opportunities to rob people of their profits, but the idea of a crypto founder being a scam artist might be scary and quite unbelievable!