TechFlow news — The massive lawsuit against Tesla CEO Elon Musk related to Dogecoin is growing larger. This class-action litigation has added several new plaintiffs, as well as Musk's Boring Company and the Dogecoin Foundation.
According to USA Today, Dogecoin investor Keith Johnson filed a $258 billion class-action lawsuit against Musk, accusing him of running a pyramid scheme by promoting the most popular meme cryptocurrency. Johnson alleges that Musk advertised Dogecoin as a "legitimate investment" on his social media profiles, artificially inflated its price, and personally profited billions of dollars from the promotion. In addition to seeking monetary damages, Johnson also wants to prevent Musk and his companies from promoting meme cryptocurrencies in the future.
