Musk tweets that he will keep supporting Dogecoin, in spite of lawsuit By michael40712627
: “I will keep supporting Dogecoin” early today in an exchange with another user, who urged him to keep buying it. “I am,” Musk tweeted in reply.
Keith Johnson, a US citizen, lodged the suit against Musk and his businesses Tesla and SpaceX in the Southern District of New York on behalf of himself and those similarly situated, claiming Musk and his business's activities around Doge defrauded him and other investors. The complaint alleged that Musk's consistent messaging that he was a fan of the cryptocurrency led directly to its price spike, and when market conditions changed, investors lost out.Dogecoin and the complaint highlights the greatest hits of Musk's Doge tweets since a satirical article piqued his interest about the meme coin in 2019. The complaint points out that Dogecoin grew in value after Musk's tweets about it in 2019.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk, Tesla and SpaceX Sued for $258 BILLION over 'Dogecoin Pyramid Scheme' | CoinMarketCapA new lawsuit alleges Musk contributed to its downfall after calling the altcoin a 'hustle' on Saturday Night Live — with this episode airing on the day of the all-time high.
Read more »
Elon Musk Is Buying More DogecoinTesla CEO Elon Musk hasn’t lost his interest in Dogecoin in spite of the massive price correction
Read more »
Elon Musk says he will continue supporting DogecoinTesla CEO Elon Musk says he will stick by Dogecoin despite the cryptocurrency's value plummeting since last year and a $258 billion lawsuit over an alleged Dogecoin pyramid scheme.
Read more »
Investor Sues Elon Musk, Tesla, And SpaceX For $258 Billion Over Dogecoin 'Pyramid Scheme' | CarscoopsThe plaintiff accuses the organizations of operating an illegal racketeering enterprise to inflate Dogecoin prices
Read more »
Elon Musk sued for $258 billion over alleged Dogecoin pyramid schemeNEW YORK — Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.
Read more »
SpaceX reportedly fires employees who criticized Elon MuskElon Musk’s spacecraft engineering company SpaceX has reportedly fired several employees after they filed a letter of complaint criticizing the outspoken chief executive over his perceived inappropriate behavior.
Read more »