Do you really think he did this with bad intentions? He almost certainly just thought it was cool and maybe would be useful or profitable. There's no reason to frame this as if it's a reason to ignore everything else about him. Completely disingenuous. Honestly shame on you imo. As if everyone who bought into the blockchain hype is a bad person.
I hope by the time you're 75 you don't have people linking a single failure to sum up and dismiss your entire character and the work of your entire lifetime.
There's a strange sense of joy I feel about someone being upset that he made a blockchain app. In some parallel universe we're still in the old world of the '90s culturally and engineers go online to yell at each other for which data structure they use. "You asshole! Did you just use distributed hash tables?!"