DOGE Users File a $258 Billion Lawsuit Against Elon Musk

Elon Musk, whose support for Dogecoin is often criticized and who is accused of manipulating the markets, might pay $258 billion in compensation.

DOGE Users File a $258 Billion Lawsuit Against Elon Musk. Dogecoin users sued Elon Musk, citing that they have invested with the encouragement of Elon Musk and have been at a loss for years. Users accused Musk of building a pyramid chain. While the collapse in the cryptocurrency markets continues, the losses of investors who have been in the market for a long time are also increasing. Investors, whose losses have increased exponentially, have started to demand compensation for their losses, especially by targeting people who offer investment advice. Following the collapse of LUNA and UST, some investors decided to sue Binance US for damages. Elon Musk was another name for which a compensation lawsuit was filed. Accusing Musk of fraud, DOGE investors filed a $258 billion lawsuit for damages. What Happened? Elon Musk, the CEO of Tesla and SpaceX, supported Dogecoin at every opportunity, and Musk's suggestions made the cryptocurrency rise up to 80 cents. With the collapse in the cryptocurrency markets, DOGE fell to the level of 5 cents.       Source: Hardware News