Cumulative damage is $258 billion Musk and his companies Tesla, SpaceX and tunnel company Boring Co are accused of increasing the price of Dogecoin by more than 36,000%. Following the filing of new lawsuits on this issue, the Dogecoin Foundation, a non-profit organization that provides the management and support of this cryptocurrency, also started to appear in the lawsuit.
The plaintiffs also accuse Musk of “making tens of billions of dollars” from other investors in Dogecoin, and they know the currency has no real value – its value is purely out of marketing envy.
Commenting on these statements and lawsuits, Musk replied that he will continue to support Dogecoin as requested by the people working in his businesses.
Source: Ferra
