Not even a $258 billion class action lawsuit alleging a cryptocurrency pyramid scheme has been able to stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE).
On June 16, a New York district court received a class action lawsuit against the world’s richest man, Elon Musk, and his companies, SpaceX and Tesla, for an alleged Ponzi scheme using DOGE tokens.. The lawsuit demanded $258 billion in total monetary damages from Musk, while asking the court to rule that DOGE’s trading was gambling in the United States.
I will keep supporting Dogecoin
— Elon Musk (@elonmusk) June 19, 2022
I will continue to support Dogecoin
The demand, however, did not resonate in the cryptocurrency communitywhile businessmen began to ridicule the measure. It seems that Musk was not fazed by the accusation either., since he redoubled the sign of his love for the Dogecoin ecosystem with the previous tweet.
On June 18, Dogecoin creator Billy Markus, who is no longer part of the project, shared his vision for Dogecoin. that goes beyond advertising, recommending developers to focus more on its usefulness and security. Musk He agreed at Markus’s suggestion, to which he replied “More like a coin”.
The richest man in the world reassured even more to Markus by sharing his openness to using Dogecoin as payment for other services besides Tesla and SpaceX merchandise.
It has been discovered that bad actors trying to cash in on Musk’s success are releasing “deepfake” videos promoting cryptocurrency scams.
Yikes. Def not me.
— Elon Musk (@elonmusk) May 25, 2022
Heavens. It’s definitely not me.
Musk came across a fabricated video circulating on the internet, in which a deepfake was used to imitate the businessman in a TED talk. In the video, the deepfake version of Musk appeared promoting a cryptocurrency platform that boasted a 30% return on cryptocurrency deposits.
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