Elon Musk, the Tesla billionaire and Twitter owner, has asked a judge to throw out a $258 billion lawsuit accusing him of trying to pump the dogecoin price…
Highlights
- Elon Musk, the Tesla billionaire and Twitter owner, has asked a judge to throw out a $258 billion lawsuit accusing him of trying to pump the dogecoin price.
- Musk’s lawyers called the lawsuit brought by investors a “fanciful work of fiction” The dogecoins have surged into the crypto top ten over the last few years, helped by the backing of high-profile investors and social media influencers such as Musk and Dallas Mavericks owner Mark Cuban.
- Musk has previously said he personally owns some dogeco, along with rival cryptocurrencies bitcoin and ethereum ethereum, and has begun accepting doge coins for payment at his rocket company SpaceX and electric car company Tesla.
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Binance, CZ, BitBoy Crypto Dragged Into New $1 Billion Lawsuit