Elon Musk x Dogecoin

Elon Musk And Tesla Sued For $258 Billion For Allegedly Running A Dogecoin Pyramid Scheme

The Background!

Elon Musk and Tesla have been recently involved in a class action lawsuit by a Twitter investor who is seeking $258 billion in damages!

Elon Loves DOGECOIN!

It is not hidden from anyone that the world's richest man, Elon Musk is a die-hard supporter of the memecoin 'Dogecoin' and has openly promoted the cryptocurrency to his 90 million+ Twitter followers on multiple occasions.

But why is he being sued?

The plaintiff, Keith Johnson, is from lower Manhattan area and claims to have lost 'significant' amount of money trading Dogecoin.

Elon Musk, Tesla,  SpaceX

He has accused Elon Musk and his companies - Tesla & SpaceX of running a Dogecoin Pyramid Scheme and falsely inflating the price of the memecoin

$86 Billion Lawsuit + $172 Billion Extra! DAMN.

The Twitter investors says that he wants $86 billion in damages, plus tripled damages of $172 billion for losses incurred from trading dogecoin since 2019

Lawsuit against Elon Musk!

In his lawsuit, Keith said “It’s simply a fraud whereby ‘greater fools’ are deceived into buying the coin at a higher price.”

Troubles brewing for Musk? or plainly illogical?

The Twitter investor says that he speaks on behalf of all the investors who have lost money in Dogecoin due to Elon Musk and his alleged Pyramid Scheme.

Troubles brewing for Musk? or plainly illogical?

Elon Musk has not responded to the lawsuit at the time of writing this story!