Did he regret it?: Nouriel Roubini the “Dr Catastrophe” launched his cryptocurrency project

The Economist Nouriel Roubini He called the Bitcoin “the mother of all bubbles” and cryptocurrencies “the biggest criminal heist in the history of humanity.” But now he regretted it.

The prestigious economist Nouriel Roubini has always been one of the most outspoken critics of cryptocurrencies: he called Bitcoin a “shit coin”, mocked Ethereum as a currency worth less than nothing and even dismissed blockchain technology as a whole as “no better than a spreadsheet.”

Now Roubini is launching his own cryptocurrency, DeCrypt confirmed. Is called Atlas Climate Token (TYO) and is backed by a portfolio of liquid assets.

It didn’t take long for this milestone to start collecting criticism. One of them, that of the co-founder and CEO of Binance, Changpeng Zhao.

“Some people are shameless,” Zhao, who also goes by CZ, wrote in a message on Twitter.

“After publicly attack Binance a year ago, [Roubini] now issues a token and places the Binance logo on its website WITHOUT permission,” Zhao says on Twitter.

Roubini’s criticism of Binance

Nouriel Roubini described this Wednesday to the CEO of Binance, Changpeng Zhaolike a “walking time bomb” in a passionate speech about the corruption that, in his opinion, floods the cryptocurrency industry.

The economist stated that the collapse of the important FTX bag demonstrates that those in the world of cryptocurrencies must be careful with those who harm the ecosystem, and included Zhao, better known by his initials CZ, among the supposed enemies of decentralized finance.

“There are seven words that must be take care in the crypto world” Roubini listed to CNBC Middle East on Wednesday. “Accessors, corrupt, thieves, criminals, scammers, carnies and, finally, CZ.”

“Unfortunately It is a totally corrupt ecosystem“Robini added. “It is and I think the lesson of the last few weeks is that these people should get out.”