Elon Musk's support for Dogecoin grows stronger following $258B lawsuit

Cointelegraph

Published Jun 19, 2022 04:30AM ET

Updated Jun 19, 2022 06:00AM ET

Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE).

On June 16, a New York district court received a class action complaint against the world’s richest man Elon Musk and his companies, SpaceX and Tesla (NASDAQ:TSLA), for an alleged Ponzi scheme using DOGE tokens. The lawsuit demanded $258 billion in total monetary damages from Musk while requesting the court to rule DOGE trading as gambling in the United States.

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