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Elon Musk sued for $258 bn over dogecoin support

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economictimes.indiatimes.com

Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and SpaceX. Keith Johnson, who says he lost money after investing in dogecoin, described himself as an «American citizen who was defrauded» by what he called a «Dogecoin Crypto Pyramid Scheme.» He is asking for his motion, filed in a New York court, to be classified as a class action suit on behalf of those who have suffered losses by investing in dogecoin since 2019.

Presented ByDid you Know?Fan tokens or sports crypto are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.View Details » Since Musk began promoting the virtual currency, investors have lost around $86 billion, Johnson estimates.

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