Keith Johnson filed a lawsuit in federal court in Manhattan, accusing Elon Musk and two of his companies of fraud. Tesla and SpaceX.
“The defendants knew as of 2019 that Dogecoin had no value, but they promoted Dogecoin to make a profit from trading,” the lawsuit explained. Reuters. Keith Johnson claims it Elon Musk He used the position of the world’s richest man to “manipulate the Dogecoin pyramid”. The billionaire was accused of doing it “for profit and entertainment”.
digital currencies. The investor wants a ban on Dogecoin. Elon Musk will pay compensation?
Johnson posted comments in the lawsuit, includingin. Billionaires and famous investors: Warren Buffett and Bill Gates, who questioned the value Cryptocurrency. The plaintiff demands that Elon Musk and his company be banned from promoting Dogecoin. The court is expected to declare Dogecoin trading as gambling under federal and state law New one York.
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Keith Johnson confirmed that he lost 86 billion as a result of investing in the cryptocurrency promoted by Elon Musk dollar. Reuters reported that the plaintiff is seeking compensation of $ 258 billion.
Elon Musk’s Impact on Cryptocurrency. He promoted Dogecoin on Twitter
Dogecoin is one of many cryptocurrencies, but this one was created in 2013 based on a meme with the famous yellow “dog”. At its peak, in May 2021, the price of a single Dogecoin was around 74 cents. at that time Elon Musk He announced that in 2022 his company SpaceX will transfer the Doge-1 satellite to the moon, and the mission will be funded with Dogecoin cryptocurrency.
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Digital money I gained value many times over thanks to the positive feedback from Musk. In early 2021, the billionaire posted several tweets explicitly promoting Dogecoin, and the value of this virtual currency was clearly growing. Once again, Musk’s single entry was enough to bring Bitcoin’s value down dramatically.
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The situation began to change in the second half of 2021. The value of Dogecoin began to decline systematically. On Friday, June 17, the cryptocurrency Dogecoin was worth just 5.8 cents.
Dogecoin rate Source: Stooq.pl
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