Dogecoin investor sues Elon Musk for $258 billion
Within the grievance, Johnson says: "Defendants had been conscious since 2019 that Dogecoin had no worth but promoted Dogecoin to revenue from its buying and selling. Musk used his pedestal as World's Richest man to function and manipulate the Dogecoin Pyramid Scheme for revenue, publicity and amusement."
The grievance highlights that when Musk appeared on NBC’s Saturday Evening Dwell, he participated in a section through which he referred to as Dogecoin a “hustle.”
In addition to damages, the lawsuit is looking for to stop Musk and his firms from commenting on Dogecoin and to have a choose declare that investing within the cryptocurrency is playing underneath New York State legislation.