Elon Musk sued for $258 billion over alleged Dogecoin (DOGE) racketeering
The defendant is asking for $86 billion in damages, but because of the decline in Dogecoin's market value, is tripling that figure to $258 billion.
A plethora of interesting, and strange, news has dropped today regarding Elon Musk including how he’s being sued for a whopping $258 billion over allegations that he ran a pyramid scheme in supporting the cryptocurrency Dogecoin (DOGE).
Musk is being sued by the likes of Keith Johnson, with the main complaint being that Musk promoted Dogecoin and profited from its trading, even though Dogecoin “had no value.”
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
Musk (or more specifically, Musk’s lawyer) has yet to respond to requests to comment on the lawsuit. Likewise, Johnson’s lawyers have also failed to respond to requests for comments on things like what sort of evidence Johnson has to verify claims of Dogecoin being “worthless” and that Musk ran a “pyramid scheme” by supporting it.
Johnson is asking for $86 billion in damages in the class-action lawsuit, and — given the “decline in Dogecoin’s market value” — is also asking for that figure to be tripled, bringing the total up to a staggering $258 billion. As reported by Reuters, “He also wants to block Musk and his companies from promoting Dogecoin and a judge to declare that trading Dogecoin is gambling under federal and New York law.”
This part sounds a bit more reasonable than the rest of the lawsuit details, of course, as you continue reading through the Reuters report it goes right back to sounding a tad ridiculous.
As we wait to learn more about the lawsuit Johnson has filed against Musk over Dogecoin (DOGE), we’re curious what your thoughts are on the situation. Let us know in Chatty, and for more on what’s going on with Elon Musk, also be sure to read through our coverage of Elon Musk telling Twitter employees that he hasn’t seen any actual evidence of aliens.
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replyMorgan Shaver posted a new article, Elon Musk sued for $258 billion over alleged Dogecoin (DOGE) racketeering
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I are trying, yes.
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Yeah, just a quick look at our Shacknews E6 threads highlights your point. We spent months working on that, while this article was written in 30 minutes.
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I am beyond the point of feeling bad about it. It is pretty clear that some people on the Chatty simply don't care about the content we create at Shacknews, but there are people on other parts of the Internet who do enjoy it. The Shacknews Indie Showcase was pretty successful yesterday, and all these live music performances this week have been great.
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I started playing hearthstone again and miss that coverage here :(
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Ozzie and Greg interviewed Second Dinner, a studio created by bunch of the original Hearthstone devs, about Marvel Snap during Shacknews E6.
https://www.shacknews.com/article/130975/shacknews-e6-2022-marvel-snap-team-talks-design-art-and-more
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I think you all are doing a great job with content, it makes me feel super lame that I’m just too out of touch to really engage with it. That’s on top of the fact that I strongly prefer reading over video/audio anything, but I’m well aware that the ship has sailed and I’m part of a small minority that has been rightly left behind. I’m not quite sure what I’m trying to say here: I guess just that I *do* care about the content you are creating and I think it’s the right move even though I’m not the target audience.
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Nope. I own a little position in Dogecoin. And I was given $50 worth of Bitcoin from referrals that is now worth $23. I mainly own publicly traded stocks. And Shacknews debt. I own Dogecoin cuz dog money. Not because I believe in crypto or defi. We try to cover stories in crypto in a factual way to educate readers. Even if you hate crypto, our articles are usually informative.
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