Goldman Sachs Director Quits After Reportedly Making Millions With Dogecoin

Originally reported in an article on Fortune.com, it seems a Goldman Sachs director has struck it rich with a cryptocurrency and has quit his job.

A managing director at Goldman Sachs London office has reportedly left the brokerage after making millions of dollars on Dogecoin.

Dogecoin is the meme fueled cryptocurrency that has been gaining major attention in recent months, thanks in part to Tesla’s CEO Elon Musk tweeting about it. While it started as a joke that nobody was meant to take seriously, it has blasted off in the thousands of percents and has made many people a lot of money.

Aziz McMahon has been with the bank for 14 years, according to his LinkedIn profile, but a Goldman spokesperson confirmed to Fortune that he has departed.

According to a report on eFinancialCareers, his departure came after a huge payoff in the cryptocurrency.

Goldman declined to offer any additional details on McMahon’s departure but the eFinancialCareers piece suggested he might be starting a hedge fund.

No information can back this claim however.

Elon Musk had recently hosted Saturday Night Live which led to Dogecoin prices taking a big dive of over 30%.

It was earlier this week that the Oakland A’s began selling seats for Dogecoin and billionaire investor Mark Cuban said the Dallas Mavericks would complete 6,0000 Dogecoin transactions in April.

Cryptocurrency exchange Gemini also announced it would be listing Dogecoin for custody and trading. Traders on the platform can receive interest on deposited cryptocurrencies.

Gemini Earn is offering traders a 2.25% annual percentage yield on Dogecoin deposits with daily compounded interest.