According to the complaint filed in Manhattan federal court on Tuesday night local time, Musk, his Tesla, SpaceX, tunneling company Boring and others are suspected of deliberately pushing the price of Dogecoin by more than 36,000% in two years. , after raising the price, market value and trading volume, it fell sharply, making investors lose their money.
The complaint also alleges that by doing so, the defendants were “profiting tens of billions of dollars” at the expense of other Dogecoin investors,And Musk and others have always known that the currency lacks intrinsic value and that its value is “completely dependent on marketing”。
Musk’s company was implicated because the defendants believed that Tesla allowed the use of Dogecoin to purchase some derivatives, and SpaceX also named a satellite after Dogecoin.
Tesla, SpaceX and Boring had no immediate requests for comment Wednesday by press time. Tesla disbanded its media relations unit in 2020.
It is understood that Dogecoin is a virtual currency identified by a Shiba Inu head portrait, which was born in 2013. Musk has tweeted promises that SpaceX will “place a real Dogecoin on the real Moon,” among other things.