This time Elon Musk & his firm Tesla may not distance themselves from the Dogecoin insider trading case, as he openly took responsibility for the “Dogecoin enterprise as a whole.
Elon Musk is the richest person in the world. He owns Tesla, Twitter, Neuralink, & SpaceX like giant companies. Musk is popular in the crypto sector because of his bullish support for Dogecoin. Musk personally holds Bitcoin, Ethereum & Dogecoin & also suggests people not take risks with the high investment in crypto assets, as they are highly volatile.
The latest reports confirmed that an amendment was filed in court on 31 May against Tesla CEO Musk & Tesla firm and attached Twitter-Doge logo stunt as new proof against Musk.
New amendments alleged that Musk’s Twitter platform used the Dogecoin logo for some days and that act surged the Doge price by 30%.
This Dogecoin lawsuit has been running against Musk & Tesla since June 2022. The Lawsuit alleged that Musk manipulated the Dogecoin price and also traded against retail traders. The lawsuit seeks $258 billion compensation from Musk, to compensate the Dogecoin investors who faced loss because of Dogecoin price manipulation under the influence of Musk.
The good thing that we can see in the latest amendment is that Plaintiff wants to remove the Dogecoin Foundation from this lawsuit as there is no evidence of Dogecoin foundation’s involvement in this case and also a court judge approved the amendment.
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