Even a $ 258 billion class action lawsuit alleging a cryptocurrency pyramid scheme could not stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE).
On June 16, the New York District Court found a class action lawsuit against the world ‘s richest man, Elon Musk, and his companies, SpaceX and Tesla, under an alleged Ponzi scheme using DOGE tokens. Lawyers seek $ 258 billion in damages from Musk and ask the court to consider DOGE transactions as gambling in the United States.
I will continue to support Dogecoin
– Elon Musk (@elonmusk) June 19, 2022
I will continue to support Dogecoin
– Elon Musk (@elonmusk) June 19, 2022
However, the resonance lawsuit with the crypto community failed as entrepreneurs began mocking the move. Musk also does not seem to have the allegation, as he reaffirmed his love for the Dogecoin ecosystem in the tweet above.
On June 18, Dogecoin creator Billy Markus, who is no longer part of the project, shared his vision for Dogecoin that goes beyond the hype, urging developers to focus more on its uses and safety. There is Musk accepted responding that the memecoin should be more like a currency.
The richest man in the world too peace Markus added that he is open to using Dogecoin as a payment method for other services, as well as Tesla and SpaceX products.
Read also: Oops! Elon Musk warns users about the latest ‘deepfake’ crypto scam
Malicious actors trying to make money on Musk’s success have posted in-depth videos to promote cryptocurrency scams.
Fish. Def than me.
– Elon Musk (@elonmusk) May 25, 2022
Oops. It’s not about me.
– Elon Musk (@elonmusk) May 25, 2022
Elon Musk came across a fake video that spread the internet in which deepfake was used to imitate the entrepreneur talking TED. In the video, the deepfake version of Musk promoted a cryptocurrency platform that offers a 30% return on cryptocurrency deposits.
