BEN DOERNBERG OF DOGECOIN ON MOOLAH: THEIR REPUTATION IS ABSOLUTELY DESTROYED”

Dogecoin, the cryptocurrency born from a Shiba Inu meme, enjoys a reputation as a fun and lighthearted digital asset. Skip to main content Bitcoin Insider. MenuHowever, behind the playful facade lies a history riddled with scams and controversies.One of the most significant of these controversies involves Moolah, a now-defunct cryptocurrency exchange, and the individuals associated with it.At the heart of this saga are Dogecoin community leaders like Ben Doernberg and Jackson Palmer, who tirelessly worked to expose the alleged fraudulent activities of Moolah's CEO, Alex Green.This article will delve into the Moolah debacle, examining the role of Ben Doernberg, the accusations against Alex Green, and the lasting impact on Dogecoin's reputation. Get app Get the Reddit app Log In Log in to Reddit. Expand user menu Open settings menu Open settings menuWe will explore the evidence presented, the community's response, and the lessons learned from this dark chapter in Dogecoin's history, revealing how a once-promising venture ultimately crumbled, leaving a trail of destroyed reputations and lost funds. That is why Ben Doernberg, one of the founders of the Dogecoin subreddit, started the SaveDogemas campaign. He implored Dogecoin's supporters to donate to those who lost their virtual funds.It's a story of vigilance, community action, and the ever-present risks lurking within the world of cryptocurrency.

The Rise and Fall of Moolah: A Dogecoin Community Disaster

Moolah, at one point, seemed like a promising venture within the Dogecoin ecosystem. Jackson Palmer and Ben Doernberg, Dogecoin community leaders, presented evidence that Alex Green is a well known internet scammer Ryan Kennedy also known as Ryan Gentle. However, Alex Green s past identities will not bring back the missing coins. Sources: Moolah.io, BitcoinTalk, CCN Photo Source: gpforumsIt aimed to provide a user-friendly platform for buying, selling, and managing Dogecoin and other cryptocurrencies. Dogecoin then raised $50,000 to sponsor a NASCAR racer, Josh Wise. (Green put in $15,000 himself.) Wise s race in May 2025 was probably the media peak for Dogecoin. Green started fundraisers on /r/dogecoin for shares in Moolah, and never mind those fiddly regulations about promoting securities to the general public.However, as time went on, red flags began to emerge, raising concerns among prominent members of the Dogecoin community.

Who was Alex Green?

Alex Green, the CEO of Moolah, presented himself as a visionary leader with the ambition to revolutionize the cryptocurrency landscape.He actively engaged with the Dogecoin community, promoting Moolah as a safe and reliable platform.However, behind the facade of innovation and trustworthiness, a darker reality was brewing. Social Media JournalistEvidence later surfaced linking Alex Green to a well-known internet scammer named Ryan Kennedy also known as Ryan Gentle.

Early Warning Signs

The initial warning signs included delayed withdrawals, inconsistencies in Moolah's financial reports, and a general lack of transparency. Moolah CEO Alex Green has issues several statements on the issue, officially resigning in his latest blog post. Ben Doernberg of Dogecoin on Moolah: Their Reputation Is AbsolutelyCommunity members began to question Green's management practices and the overall sustainability of the platform.These concerns were initially dismissed by Green as mere growing pains of a rapidly expanding startup.

Ben Doernberg and Jackson Palmer's Investigation

Concerned about the potential for harm to the Dogecoin community, Jackson Palmer, the co-creator of Dogecoin, and Ben Doernberg, a long-time member of the Dogecoin Foundation, launched their own investigation into Moolah and Alex Green. What are Web3 games, and how do they work?Their efforts would eventually uncover a web of deceit and financial mismanagement.

Unveiling the Truth: Alex Green's Past

Palmer and Doernberg meticulously gathered evidence, scouring online forums, social media, and public records.They uncovered a trail of questionable activities linked to Alex Green, revealing that he had previously operated under different aliases and been involved in various online scams.This information painted a starkly different picture of Green than the one he had presented to the Dogecoin community.

The Evidence Against Moolah and Green

The evidence compiled by Palmer and Doernberg included:

• Links to Previous Scams: They found connections between Green and past online scams, suggesting a pattern of fraudulent behavior.
• Financial Irregularities: They identified inconsistencies in Moolah's financial statements, raising questions about the company's solvency and accounting practices.
• Mismanagement of Funds: They uncovered evidence suggesting that Green was misusing user funds for personal expenses and speculative investments.
• Lack of Transparency: Moolah lacked transparency in its operations and was unwilling to provide satisfactory answers to community members' questions.

This information was crucial in alerting the community to the potential dangers of trusting Moolah with their funds.

The Dogecoin Community's Reaction

The revelations about Alex Green and Moolah sent shockwaves through the Dogecoin community. Having a cheerful, over-the-top dog meme as its mascot shouldn't cause people to take it less seriously as money, says Ben Doernberg, a volunteer on the board of directors of the DogecoinOnce hailed as a promising entrepreneur, Green was now facing accusations of fraud and deception.The community was divided, with some refusing to believe the allegations and others demanding immediate action.

Calls for Accountability

Led by Palmer and Doernberg, a significant portion of the Dogecoin community called for accountability from Green and Moolah. Did you know that Dogecoin used to sponsor a NASCAR driver? Learn some unbelievable stories behind Elon Musk's favorite cryptocurrency. Dogecoin (DOGE) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2025. But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due MoreThey demanded a full audit of Moolah's finances, transparency in its operations, and the resignation of Green as CEO.

Ben Doernberg's Vocal Activism

Ben Doernberg played a particularly vocal role in advocating for the community. Ryan Kennedy was the founder and CEO of Moolah, a dogecoin exchange startup that Palmer and Ben Doernberg, a friend he met through the cryptocurrency's non-profit foundation, had just interrogatedHe used his platform within the Dogecoin Foundation to raise awareness about the issue, disseminate information, and pressure Green to address the allegations. Scan this QR code to download the app now. Or check it out in the app stores Home; PopularHe was a tireless advocate for those who had lost funds due to Moolah's mismanagement.

The SaveDogemas Campaign: Community Support

Even before the full extent of the Moolah scandal was known, Doernberg demonstrated his commitment to the Dogecoin community by launching the SaveDogemas campaign.This campaign was launched after Dogewallet announced that its webpage had been compromised, causing users to lose funds.Doernberg implored Dogecoin's supporters to donate to those who lost their virtual funds.He even personally reimbursed $12,000 worth of lost funds, including community-funded donations, showcasing his dedication to protecting the community from harm.

Moolah's Downfall and Alex Green's Resignation

Faced with mounting pressure from the Dogecoin community and the weight of the evidence against him, Alex Green eventually resigned as CEO of Moolah. Throughout his career, Ben has been involved in various organizations and roles, including research assistant at the Berkman Klein Center for Internet Society at Harvard University, Cluemaster at Escape The Room Boston, founder of Allowdebate, board member and digital currency expert at Dogecoin Foundation, national chair at Restore TheHowever, his resignation did little to alleviate the financial losses suffered by users of the platform.

The Collapse of Moolah

Following Green's departure, Moolah quickly unraveled. In response, Moolah said it did have proper controls in place, while calling Doernberg toxic and asked him to resign from the Dogecoin Foundation. In recent days, a new issue has arisen over theThe platform was unable to meet its financial obligations, and users were unable to withdraw their funds. 2.4M subscribers in the dogecoin community. The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing aboutThe company eventually declared bankruptcy, leaving countless individuals with significant losses.

The Aftermath: Lost Funds and Broken Trust

The Moolah debacle had a devastating impact on the Dogecoin community.Many individuals lost their savings, and trust in the cryptocurrency ecosystem was severely damaged. More than 13,000 online strangers raised over $300,000 for the bullied bus monitor Karen Klein, who was verbally abused by middle schoolers in a shocking video that went viral Tuesday.The incident served as a harsh reminder of the risks associated with investing in unregulated digital assets.

Lessons Learned from the Moolah Scandal

The Moolah scandal offers several important lessons for the Dogecoin community and the broader cryptocurrency world:

• Due Diligence is Crucial: Investors must conduct thorough research and due diligence before entrusting their funds to any platform or individual.
• Transparency is Essential: Cryptocurrency platforms should be transparent in their operations and provide clear and accurate information to users.
• Community Vigilance Matters: The Dogecoin community's vigilance in uncovering the truth about Moolah played a crucial role in mitigating the damage.
• Regulation is Necessary: The lack of regulation in the cryptocurrency space allows fraudulent actors to thrive. u/jamesinatr is looking into it; I'll send some btc over to you once it's fixed and you can make an account :)Clear and effective regulations are needed to protect investors.
• Reputation Matters: The reputation of individuals and companies is paramount in the cryptocurrency world. Hashie.co was a cloudmining site that claimed to have over 40,000 users. Its owners disappeared and users are missing their funds, but the scammer has stuck around to tease the victims with an Alternate Reality GameA tarnished reputation can have devastating consequences.

The Impact on Dogecoin's Reputation

The Moolah scandal undoubtedly tarnished Dogecoin's reputation, at least temporarily.The association with a fraudulent platform raised concerns about the overall legitimacy of the cryptocurrency.However, the Dogecoin community's response to the crisis demonstrated its resilience and commitment to ethical practices.

Rebuilding Trust

In the wake of the Moolah scandal, the Dogecoin community worked tirelessly to rebuild trust.They focused on promoting transparency, educating users about the risks of investing in cryptocurrency, and supporting initiatives that promote responsible financial practices.

Dogecoin's Continued Growth

Despite the negative publicity surrounding the Moolah scandal, Dogecoin continued to grow in popularity.Its strong community, its playful image, and its association with charitable causes helped it overcome the challenges and maintain its position as a prominent cryptocurrency.

Ben Doernberg's Legacy in the Dogecoin Community

Ben Doernberg's role in exposing the Moolah scandal and advocating for the Dogecoin community has solidified his legacy as a respected and influential figure. 90 votes, 89 comments. trueHis dedication to transparency, accountability, and ethical practices has earned him the admiration of many within the community.

More Than Just Moolah

While the Moolah incident is a significant part of Doernberg's legacy, it's important to remember his other contributions to the Dogecoin community.He has been a long-time advocate for Dogecoin, promoting its use and adoption through various initiatives, including serving as a board member of the Dogecoin Foundation.He’s also been involved in other projects, such as the SaveDogemas campaign, demonstrating his commitment to protecting the community from harm. Posted by u/adrjeffries - 53 votes and 119 commentsIn the beginning, everything was awesome and hilarious, said Ben Doernberg, a research assistant at Harvard University who was a long-time board member on the Dogecoin Foundation

A Champion for Ethical Practices

Doernberg's commitment to ethical practices extends beyond Dogecoin. It all started back on Christmas day, 2025, when Dogewallet announced that its webpage had been compromised, causing users to send funds to the hacker s address. The $12,000 worth of users coins lost was fully reimbursed by Dogecoin Foundation Board Member Ben Doernberg, which included community-funded donations.He has been involved in various organizations and initiatives aimed at promoting transparency, accountability, and responsible behavior in the digital world. The Dark Days of Dogecoin: How Scammers and Bandits Brought Down Crypto s Friendliest Currency. by Ap 1146. ShareHis work serves as an inspiration to others who seek to create a more just and equitable online environment.

Where is Alex Green Now?

Following the collapse of Moolah and the exposure of his fraudulent activities, Alex Green has largely disappeared from the public eye.However, there have been reports of him being involved in other questionable ventures. Share your videos with friends, family, and the worldIt is important to remain vigilant and be wary of any dealings with individuals who have a history of fraudulent behavior.

Lessons for the Future

The story of Moolah and Alex Green serves as a cautionary tale for the cryptocurrency world. CoinDesk's Bailey Reutzel examines the darker side of dogecoin, chronicling the scams that almost killed the iconic project.It underscores the importance of due diligence, transparency, and accountability. In the beginning, everything was awesome and hilarious, said Ben Doernberg, a research assistant at Harvard University who was a long-time board member on the Dogecoin Foundation theBy learning from the mistakes of the past, we can create a more secure and trustworthy ecosystem for digital assets.

The Power of Community in Cryptocurrency

The Dogecoin community's response to the Moolah scandal highlights the power of collective action.By working together, community members were able to uncover the truth, hold fraudulent actors accountable, and protect themselves from further harm. New information has been released by members of the dogecoin community, including dogecoin co-founder Jackson Palmer and former Dogecoin Foundation member Ben Doernberg, purportedly tying Green toThis demonstrates the importance of building strong and engaged communities within the cryptocurrency space.

Staying Informed

Staying informed about the latest developments in the cryptocurrency world is crucial. Moolah/Mintpal V2.0 Scam Thread . Bitcoin Forum: Febru, Guys, are you just putting your withdrawal addresses in their fields, click onFollow reputable news sources, participate in community discussions, and be skeptical of claims that seem too good to be true. Recently a document surfaced regarding the CEO of Moolah known as Alex Green; the document was compiled by Jackson Palmer and Ben Doernberg, two members of the Dogecoin community. Palmer is the creator of Dogecoin, and Doernberg is a long-time vocal activist against Moopay, Moolah, Moofarm and the CEO Alex Green.By educating yourself and staying vigilant, you can protect yourself from scams and make informed investment decisions.

What Can You Do To Stay Safe?

1. Research thoroughly: Before investing in any cryptocurrency or platform, conduct extensive research to understand its risks and potential rewards.
2. Be skeptical: Be wary of claims that seem too good to be true, and always question the motives of individuals promoting specific investments.
3. Diversify your portfolio: Don't put all your eggs in one basket. Menu. Home; Bitcoin Chart; Cryptocurrency News; Live PricesDiversify your investments to mitigate the risk of losing everything.
4. Use secure wallets: Store your cryptocurrencies in secure wallets that offer robust security features.
5. Stay informed: Keep up-to-date with the latest news and developments in the cryptocurrency world.

Conclusion

The Moolah scandal remains a significant chapter in Dogecoin's history. On Feb. 7, Ben Doernberg, an early member of the Dogecoin Foundation, hosted a wild Dogecoin-themed party near Wall Street in New York City, complete with musical chairs, people in all sorts ofThe actions of Alex Green and the subsequent exposure by community leaders like Ben Doernberg underscore the need for vigilance and accountability in the cryptocurrency space.While the incident undoubtedly tarnished Dogecoin's reputation, the community's response demonstrated its resilience and commitment to ethical practices.The events surrounding Moolah serve as a valuable lesson, highlighting the importance of due diligence, transparency, and community action in protecting investors and ensuring the long-term health of the cryptocurrency ecosystem.The reputation of Moolah and Alex Green is, without a doubt, destroyed.However, the Dogecoin community emerged stronger, wiser, and more united in its commitment to responsible innovation.The key takeaways are: research thoroughly, stay vigilant, and never underestimate the power of a strong community.