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NEW YORK, NY - FEBRUARY 15: Biz Markie performs as Saks and Good Luck Dry Cleaners Host a Tribute to the Late Phife Dawg at Closing Party For Underground Art-Themed Speakeasy, GLDC@SAKS at Level Zero - Saks Fifth Avenue on February 15, 2018 in New York City. (Photo by Lars Niki/Getty Images for Saks Fifth Avenue)

A rumor was goin’ around last night that Biz Markie passed away after REVOLT prematurely posted news of his death on social media.  In an official statement released by his family: “Biz is still under medical care, surrounded by professionals who are working hard to provide the best healthcare possible.” Word is Biz is suffering from Type II diabetes and his friends and family are asking for prayers.