American Keith Johnson sued Elon Musk and his companies Tesla and SpaceX, accusing them of fraud in order to raise the value of the Dogecoin cryptocurrency.
According to the case materials, the defendants falsely claimed that this cryptocurrency is considered a profitable investment, but at the same time has no declared value.
According to the plaintiff, he lost money because of this scheme, and hoped that other Dogecoin holders would join him, who went to a loss due to trading this cryptocurrency, starting in 2019.
The plaintiff demands that the businessman and his companies pay compensation in the amount of $ 258 billion. He also intends to ban Mask from promoting the Dogecoin cryptocurrency and define its trading as gambling.