The plaintiff claims that Dogecoin is a Ponzi scheme
has been slapped with a $258 billion class-action lawsuit over his Dogecoin promotion, which was filed in Manhattan's federal court earlier today.
Musk, the self-appointed “Dogefather, as well as Tesla and SpaceX have been accused of engaging in “a crypto pyramid scheme.” Johnson claims that Dogecoin is a just a fraud designed for greater fools. Johnson claims that Musk falsely stated that Dogecoin is money while encouraging his audience to buy the cryptocurrency.
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