On Thursday, a Dogecoin investor sued Elon Musk for $258 billion in damages, alleging that Musk used pyramid schemes to promote Dogecoin.
In a complaint filed in Manhattan federal court, plaintiff Keith Johnson accuses Musk, Tesla and SpaceX of “extortion” by peddling Dogecoin and driving up its price, which then plummeted .
Plaintiff Keith Johnson also plans to stop Musk and his company from promoting Dogecoin.
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