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News on June 2, according to reports, on Wednesday local time, Tesla CEO Elon Musk (Elon Musk) encountered an investor class action related to virtual currency. The plaintiff accused Musk of manipulating virtual currency ” Dogecoin (Dogecoin) insider trading, these illegal actions have cost investors billions of dollars.
Some virtual currency investors filed a complaint in a federal district court in Manhattan, New York. The plaintiffs alleged that Musk manipulated the Dogecoin market through a variety of means, including Twitter posts, other fee-based influence accounts, a guest appearance on NBC in 2021, and other high-profile events that attracted public opinion. remarks. The plaintiff claimed that Musk himself made a lot of profits through the Dogecoin wallet controlled by himself and Tesla, but caused losses to other investors.
For example, the plaintiff said that at the beginning of this year, Musk changed the blue bird logo on the Twitter website to the Shiba Inu logo pattern of Dogecoin. Sker sold $124 million worth of Dogecoin.
The plaintiff stated in the complaint that Musk conducted deliberate public opinion propaganda, market manipulation, and insider trading on Dogecoin, which benefited himself and his companies, but constituted fraud to other Dogecoin investors.
Musk and Tesla’s attorney, Alex Spiro, did not comment on the lawsuit, nor did the plaintiff’s attorneys.
Federal District Court Judge Alvin Hellerstein (Alvin Hellerstein), who received the complaint, said he may support the third version of the revised indictment to enter the follow-up process, and the indictment does not contain allegations of bias against the defendant.
In addition, for the newly revised complaint, Judge Hellerstein approved a request of the plaintiff to no longer list the “Dogecoin Foundation” as a defendant. Seth Levine, the foundation’s lawyer, said, It’s a reasonable move.
According to Bloomberg, Musk is back on the top of the world’s richest man. In addition, he has covered a lot himself and often discusses virtual currencies on Twitter. In the indictment, the plaintiff believes that Musk has been operating Dogecoin, which caused the price of Dogecoin to skyrocket by 36,000% within two years, and then the price collapsed instantly.
According to reports, the Dogecoin investor’s lawsuit against Musk has started in June last year, and has been amended several times since then. The third revised indictment was submitted on Wednesday, adding some new charges. .
In March of this year, in the face of the second version of the complaint filed by Dogecoin investors, Musk and Tesla requested the court to dismiss the lawsuit, arguing that the allegations were purely “fabricated” and some statements were unfair.
Manuscript source: Sina.com
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