Elon Musk, Tesla, SpaceX Are Sued For $258 Billion Over Alleged Dogecoin Pyramid Scheme

Elon Musk, Tesla, and SpaceX have been sued for $258B for claims of playing a role in a ‘Pyramid Scheme’ with Dogecoin.

Musk is being sued by Keith Johnson who claims that he was defrauded out of money to inflate the price of Dogecoin. Johnson said that the “defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all.” Johnson is suing musk for $172 billion in triple damages and $86 billion in damages and is demanding that Musk’s companies are blocked from promoting Dogecoin as a legitimate cryptocurrency, and insinuating gambling under the New York and the United States law.

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