Elon Musk $258 Billion Dogecoin Lawsuit Takes A New Turn

$258 billion lawsuit against Elon Musk has new investor plaintiffs.

The $258 billion lawsuit accusing Elon Musk of running a pyramid scheme to support Dogecoin has now new investor plaintiffs and defendants.

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According to the Reuters report, there are now seven new investor plaintiffs and six new defendants including Elon Musk’s tunnel construction business Boring Co.

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The lawsuit alleges that Elon Musk and his companies intentionally drove up the price of Dogecoin more than 36,000% over two years and then let it crash.

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The complaint alleges that Elon Musk and his companies made off tens of billions of dollars" at other Dogecoin investors' expense.

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Despite the lawsuit, Elon Musk has not backed down on supporting dogecoin.

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Shortly after the lawsuit was filed in June, Elon Musk tweeted he will keep supporting Dogecoin.

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Dogecoin Foundation has also been named as defendant in the lawsuit.

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