Not really a $258 billion class-action suit alleging a crypto pyramid plan could stop Elon Musk from openly displaying his ongoing support for Dogecoin (DOGE).
On June 16, a brand new You are able to district court received a class action lawsuit complaint from the world’s wealthiest man Elon Musk and the companies, SpaceX and Tesla, to have an alleged Ponzi plan using DOGE tokens. The suit required $258 billion as a whole financial damages from Musk while requesting a legal court to rule DOGE buying and selling as gambling within the U . s . States.
I’ll keep supporting Dogecoin
— Elon Musk (@elonmusk) June 19, 2022
The suit, however, didn’t resonate using the crypto community as entrepreneurs started to ridicule the move. Musk, too, was apparently unshaken concerning the allegation because he bending lower on his passion for that Dogecoin ecosystem using the above tweet.
On June 18, Dogecoin creator Billy Markus, who is not an element of the project, shared his vision for Dogecoin which goes past the hype — recommending the developers focus more about its utility and security. Musk agreed having a “More currency-like” answer Markus’ suggestion.
The world’s wealthiest man further reassured Markus by discussing his openness to make use of Dogecoin as payment for other services additionally to Tesla and SpaceX merch.
Related: ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam
Bad actors attempting to profit from Musk’s success have been discovered to become releasing deepfake videos promoting cryptocurrency scams.
Yikes. Def not me.
— Elon Musk (@elonmusk) May 25, 2022
Musk discovered a fabricated video doing models on the web, in which a deepfake was utilized to imitate the entrepreneur on the TED Talk. Within the video, the deepfake form of Musk was discovered promoting a cryptocurrency platform boasting 30% returns on crypto deposits.
