Elon Musk was hit with a $258 billion lawsuit that alleges the tech mogul and his high-profile companies “are engaged in a crypto pyramid scheme by way of dogecoin cryptocurrency.”
In federal court papers filed in Lower Manhattan, the plaintiff, Keith Johnson, names Musk as well as his electric car company, Tesla, and the space tourism firm SpaceX.
Johnson, a US citizen, wants $86 billion in damages, plus tripled damages of $172 billion for losses incurred from trading dogecoin since 2019. He is seeking to represent a class of people who have lost money investing in dogecoin.
The lawsuit also demands that Musk, Tesla and SpaceX cease promoting dogecoin.
On Thursday, one dogecoin was worth just north of 6 cents — well off its all-time high of 74 cents in May 2021.
#elonmusk #dogecoin #crypto
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25 Comments
Lol y’all better start investing in gold!!
He didn’t issue the coin, he’s an investor lol so, he tweeted about it. frivolous.
I’m so sick of this Elon Musk from South Africa
Keith you’re crazy
They will try hard to destroy him. Just prepare for the battle
Laughable. Annoying.
i know little about crypto—–can u ever actually get cash if u want to sell crypto, or do u just get more crypto?
Sure…..
This is capitalism fails …. When they get rich nothing trickles down. In fact usually more greed kicks in and they even cheat to make more . But tell the blue collar workers to not fight for more 💡
🪙 the pyramid of money, is pointed right up his asperger ! 🐶
And here we go again. All this noises mean something. What? Who knows,government target plus other enemies target. That speaks about what world we are living in. Scary big time.
Send um home. Another illegal
Sharks are coming after a strong Musk.
Smells like someone hates his success.
They want to destroy him, because he will change the world
All that cash and he can't afford a convincing wig…
Stop blaming everyone else for YOUR bad investments!
Had he not put a bid in for Twitter so you think we’d be seeing this? If anyone should be sued it should be the one who messed up the economy. . . . QuidPro Joe Friggin Quo Chynah Biden !
They’re all the same. Playing the same game…
Are cryptocurrencies really profitable? I am new at this. Actually, I was thinking of investing in stocks or index funds, but I heard that it is very easy to access Crypto and make money fast. Please can I get an answer from someone regarding my question, I am quite confused here.
The losses of this week has been a major set back for those working without a company guide
Getting hit with a lawsuit is not the same as getting sued. Especially if it hasn’t even been ruled yet.
Wow really 😕
Imagine someone so mentally absent to buy into Dogecoin which inflates by 5 BILLION dogecoin/year just because a celeb with a long track record of financial fraud hypes it….
Whats hilarious is before 2019 doge never went passed 1 cent 🤣 so anyone who was holding since then would be up tremendously . This lawsuit is simply free publicity for dogecoin …. I bet anything its just an elon hater 😂