OP 18 June, 2022 - 04:19 PM
Elon Musk was accused of creating a multi-level model to trick many people into investing in Dogecoin and was ordered to pay $ 258 billion.
Investor Keith Johnson filed a lawsuit in a court in Manhattan, New York on June 14, against Elon Musk and his two companies, SpaceX and Tesla. In the application, this person identified himself as "a US citizen who was cheated of money, mistakenly considering Dogecoin as a legitimate investment", so he poured a lot of money into it.
"They have known Dogecoin is worthless since 2019, but still actively promote it to make a profit. Musk used his inherent pedestal as the world's richest man to operate and manipulate the multi-level model of the company. Dogecoin for profit and enjoyment," the lawsuit states.
In the petition, Johnson seeks $85 billion in damages for trusting Musk and his companies when investing in Dogecoin. However, based on the cryptocurrency's decline since May 2021, he wants the amount to triple, or $258 billion. In addition, this person also wants to ban Musk and his company from mentioning Dogecoin in the future.
According to Globo, the amount of money that Johnson demanded was unimaginable, exceeding the total assets that Musk owns. This site also said that Johnson is unlikely to win this lawsuit.
Dogecoin is a cryptocurrency that came out of a joke. It's inspired by the meme Doge, a Shiba dog with a bewildered face, created by computer engineer Billy Markus and Adobe marketing expert Jackson Palmer to critique the Bitcoin craze in 2013. The coin is based on Litecoin. , has a fast mining speed compared to other cryptocurrencies and is not limited like Bitcoin.
In the history of Dogecoin's development, Musk is one of the indispensable factors because he has publicly supported this digital currency many times. After each of his tweets last year, Dogecoin has always increased hundreds of times. This year, Musk seems to be "out of breath" when it comes to the token at least twice, including accepting payments at Tesla and soon on Twitter, but it only increased a few percent and then dropped again.
Investor Keith Johnson filed a lawsuit in a court in Manhattan, New York on June 14, against Elon Musk and his two companies, SpaceX and Tesla. In the application, this person identified himself as "a US citizen who was cheated of money, mistakenly considering Dogecoin as a legitimate investment", so he poured a lot of money into it.
"They have known Dogecoin is worthless since 2019, but still actively promote it to make a profit. Musk used his inherent pedestal as the world's richest man to operate and manipulate the multi-level model of the company. Dogecoin for profit and enjoyment," the lawsuit states.
In the petition, Johnson seeks $85 billion in damages for trusting Musk and his companies when investing in Dogecoin. However, based on the cryptocurrency's decline since May 2021, he wants the amount to triple, or $258 billion. In addition, this person also wants to ban Musk and his company from mentioning Dogecoin in the future.
According to Globo, the amount of money that Johnson demanded was unimaginable, exceeding the total assets that Musk owns. This site also said that Johnson is unlikely to win this lawsuit.
Dogecoin is a cryptocurrency that came out of a joke. It's inspired by the meme Doge, a Shiba dog with a bewildered face, created by computer engineer Billy Markus and Adobe marketing expert Jackson Palmer to critique the Bitcoin craze in 2013. The coin is based on Litecoin. , has a fast mining speed compared to other cryptocurrencies and is not limited like Bitcoin.
In the history of Dogecoin's development, Musk is one of the indispensable factors because he has publicly supported this digital currency many times. After each of his tweets last year, Dogecoin has always increased hundreds of times. This year, Musk seems to be "out of breath" when it comes to the token at least twice, including accepting payments at Tesla and soon on Twitter, but it only increased a few percent and then dropped again.
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