Elon Musk and his companies Tesla and SpaceX have been sued for promoting the Dogecoin cryptocurrency. Plaintiff considered it of no value and sought damages for the loss of funds of $258 billion.
According to Bloomberg’s report, American Keith Johnson sued Elon Musk and his companies SpaceX and Tesla, believing that he was deceived by the “Dogecoin financial pyramid”, in his opinion, the defendants are “blackmailing” to inflate the price of this cryptocurrency. .
“Defendants falsely and deceptively claim that Dogecoin is a legitimate investment even though it has no value,” Johnson said in a complaint filed with federal court in Manhattan.
The plaintiff is seeking $86 billion in damages, a tripling of $172 billion, and a document that would prohibit Musk and his companies from promoting Dogecoin and declaring their trade a gamble. Johnson plans to represent those who lost money due to Dogecoin trading from April 2019.
Recall that Dogecoin, launched in 2013, is one of Elon Musk’s favorite cryptocurrencies. And he has promoted it more than once, including through his speeches and broadcasts. Recently, it became known that the entrepreneur plans to open a 24-hour Tesla restaurant in Hollywood, where it will also be possible to pay with this cryptocurrency.
Source: People Talk
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