Elon Musk was sued for misdirecting the masses and attempting illegal blackmail with his posts about Dogecoin, of which he is the biggest supporter.
It’s no secret that Elon Musk is one of Dogecoin’s biggest supporters. As a matter of fact, Musk can often cause the crypto money to rise or fall due to the actions he takes, with his shares about Dogecoin.
However, Elon Musk, who has such a great influence on Dogecoin, is not well received by the company’s co-founders. Moreover, it has become official as of today that there are other people who are uncomfortable with these actions of Musk, apart from the founders. Musk was sued, allegedly making some illegal attempts to increase the market value of Dogecoin.
Elon Musk sued for inflating Dogecoin with no value
Since last year, Elon Musk has allowed Dogecoin to receive a large number of investors, both with his social media posts and statements. However, with a lawsuit filed today, it was claimed that much darker things were behind this rise of Dogecoin. Illegal blackmail attempt Elon Musk, Tesla and SpaceX were sued.
As a matter of fact, the only accusation of the plaintiff Keith Johnson did not stop there, and Elon Musk’s ‘Dogecoin shows no value as a legitimate investment’ claimed. Another element of the lawsuit was that Elon Musk, who is the richest person in the world, manipulated and misled the masses with his posts. There has been no response yet from Elon Musk regarding the lawsuit, which is worth $258 billion in total. We will keep you informed as developments come.
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