Currently the world's richest billionaire, Elon Musk may be sweating with the controversial issue that accuses him of running the Dogecoin (DOGE) pyramid scheme again stealing the limelight.
Most recently, 7 plaintiffs* and 6 new defendants** were brought before the Manhattan court to discuss the case between Musk and the DOGE.
*The party that accuses and claims in the prosecution.
**The party accused of committing a crime in the prosecution.
It is understood that the plaintiff accused Musk, Tesla Inc, SpaceX and its tunnel construction firm, Boring Co, of deliberately raising the price of DOGE and then letting it fall 2 years ago.
It was explained that by doing so the defendant reaped 'tens of billions in profit' from other DOGE investors despite knowing that the intrinsic value of the cryptocurrency was dependent on 'pure marketing'.
There was no further comment from Tesla, SpaceX or Boring but the 'head' was seen writing a tweet as a self-defense response.
Musk wrote a sentence that read 'keep supporting Dogecoin' and in an interview he said 'SpaceX and Tesla factory workers asked him to keep supporting'.
Recalling the incident, in the last 6 months Musk faced a $258 billion lawsuit by a plaintiff who is a DOGE crypto investor by accusing the billionaire of being a 'hype rider' of cryptocurrency.
