Friday, June 17, 2022

Musk Sued Over Dogecoin

An investor in Dogecoin cryptocurrency has sued Elon Musk for $258 billion, saying that Musk was behind a "pyramid scheme" to support the cryptocurrency. Dogecoin is a cryptocurrency which started out as a joke but became emblematic of the popularity of cryptocurrency as its value grew due to its popularity. According to reports, the complaint was filed in federal court in Manhattan on Thursday, accusing Musk, Tesla, and SpaceX of racketeering for touting Dogecoin and helping to drive up its price.