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Cryptocurrency News

Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit

06/17/2022

Less than a minute

2022.06.17 10:50

Billionaire Elon Musk, along with his companies SpaceX and Tesla (NASDAQ:TSLA) Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE).

The damages sought are more than 34 times Dogecoin’s current market cap of $7.5 billion and nearly three times its ATH market cap of $88.68 billion in mid-2021.