Dogecoin cryptocurrency investor sues Musk for $ 258 billion

Dogecoin Cryptocurrency Investor Sues Them , Tesla and SpaceX for manipulation and demands $258 billion.

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They do not stop this week news for Elon Musk. A US investor in the Dogecoin cryptocurrency filed a lawsuit in Manhattan federal court on Thursday accusing Elon Musk, Tesla and SpaceX of operating an illegal extortion to inflate the price of said cryptocurrency.

The lawsuit alleges that Musk has frequently referred to the Dogecoin cryptocurrency, in on Twitter, causing its price to soar.

Plaintiff Keith Johnson in this lawsuit appears to be using these and Musk's own references to himself as the "Dogefather," as evidence that Musk is in control of the cryptocurrency.

He blames him for losses among investors who lost money as the cryptocurrency has fallen from a high of $ 0,74 to almost $ 0,05 in recent days.

The following is characteristic graph with the price of Dogecoin:

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The lawsuit seeks to triple the $ 86 billion in damages that plaintiffs claim have been lost to Dogecoin investors since Musk first tweeted about it.

According to Keith Johnson: “Defendants falsely and misleadingly claim that Dogecoin is a legitimate investment when it has no value. Since Musk et al of SpaceX and Tesla Inc, began buying, developing, promoting, supporting and operating Dogecoin in 2019, the plaintiff and all other investors have lost approximately $86 billion in this Crypto Pyramid System.”

Cryptocurrencies are going through a difficult period in recent weeks. There is a general sell-off as a result of which their values ​​have sunk. A special example is Bitcoin, which has dropped to $ 20.000. All of this results in the loss of hundreds of billions of dollars by investors, young and old.

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Dogecoin, Musk, Elon

Written by Dimitris

Dimitris hates on Mondays .....

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