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$258 billion Dogecoin lawsuit expands

Politics 12:23 08 Sep, 2022
$258 billion Dogecoin lawsuit expands

The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.

Qazet.az reports according to an amended complaint filed  in Manhattan federal court that, Musk, his electric car company Tesla Inc, his space tourism company SpaceX, Boring and others intentionally drove up the price of Dogecoin more than 36,000% over two years and then let it crash.