It’s no secret that Elon Musk is one of Dogecoin’s biggest supporters. As a matter of fact, Musk can often cause the crypto money to rise or fall due to the actions he takes, with his shares about Dogecoin.
However, Elon Musk, who has such a great influence on Dogecoin, is not well received by the company’s founding partners. Moreover, it has become official as of today that there are other people who are uncomfortable with these actions of Musk, apart from the founders. Musk was sued, allegedly making some illegal attempts to increase the market value of Dogecoin.
Elon Musk sued for inflating Dogecoin even though it has no value
Since last year, Elon Musk has been proving Dogecoin’s popularity with his social media posts and statements. enabled it to attract a large number of investors. However, with a lawsuit filed today, it was claimed that much darker things were behind this rise of Dogecoin. Elon Musk, Tesla, and SpaceX were sued for illegally attempting to blackmail.
As a matter of fact, the only accusation of plaintiff Keith Johnson did not stop there, and it was claimed that Elon Musk ‘showed Dogecoin as a legitimate investment even though it had no value’. Another element of the lawsuit was that Elon Musk, who is the richest person in the world, manipulated and misled the masses with his posts. There has been no response yet from Elon Musk regarding the lawsuit, which is worth $258 billion in total. We will keep you informed as developments come.
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