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Elon Caught on US$258B Dogecoin Lawsuit!

Tesla and SpaceX CEO Elon Musk is being sued for US$258 billion by a Dogecoin investor. 

Elon Musk and controversies can’t stay apart for long. Tesla CEO is facing not one but two lawsuits.

An investor of the EV Company has accused the automaker for workplace discrimination and harassment.

The controversy king is also sued in a US$258 billion case for allegedly running a pyramid scheme to profit from the meme cryptocurrency.

Even after this, Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years.

In a complaint filed in a federal court in Manhattan last week, plaintiff Keith Johnson had accused Musk of racketeering for touting dogecoin on Twitter and driving up its price, only to let it tumble

Johnson is seeking a total of US$258 billion from Elon Musk.

Since Musk began promoting the virtual currency, investors have lost around US$86 billion, Johnson estimates, representing the decline in Dogecoin’s market value since May 2021.

He would like Musk to reimburse dogecoin investors this sum, plus pay double that in damages, i.e. an additional US$172 billion, taking the total lawsuit sum to a whopping US$258 billion.

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