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World: Dogecoin as a snowball system? The lawsuit extended against Musk

Twitter ensures that Elon Musk has no evidence on the false accounts of the social network

 Twitter ensures that Elon Musk has no evidence on the false accounts of the social network © Michaelvi/Adobe Stock Twitter ensures that Elon Musk has no evidence on the false accounts of the social network The network Social seems certain that Tesla boss analysts have no evidence concerning a supposed undervaluation of the number of false accounts.

The lawsuit against Tesla boss Elon Musk for manipulating the Dogecoin course was expanded by seven new investors and six new defendants. There are room for damages in three -digit millions.

Raymond Boyd/Getty Images © provided by Raymond Boyd/Getty Images

• Original application was expanded

• Study "Musk effect" on Dogecoin according to

• Damage claim in the millions

The original application was submitted in June of this year and will be submitted at "Johnson et al against Musk et al, U.S. District Court, Southern District of New York, No. 22-05037" in Manhattan.

Specifically, Elon Musk is accused of having operated a snowball system in order to drive up the course of the cyberdevise and then drop. Musk's positive comments in interviews and via Twitter - he explains the Dogecoin, among other things, about his "favorite cryptocurrency" - had repeatedly inspired the Dogecoin course. However, he crashed after the billionaire described the cyberdevise in the program "Saturday Night Live" as a dizziness.

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Expansion of the application against Elon Musk

As reported by the Reuters news agency, according to the original application, the two Musk companies Tesla and SpaceX are also involved in manipulation. The defendant's circle was expanded, among other things, by the Boring Company company, which also belongs to the billionaire. According to the current expansion of the application, the Dogecoin Foundation is now one of the defendants. According to its own information, it was founded on the 2014 homepage by members of the Dogecoin team and is classified as a non-profit organization.

According to the new application, at the expense of the other Dogecoin investors, the defendants deserved billions of US dollars with a currency that they knew that they were only based on marketing: "Since 2019, the accused knew that Dogecoin had no value But still promoted Dogecoin to benefit from his trade. " An official press release from the Musk companies resp. Elon Musk himself has not existed for the new allegations.

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on Twitter only wrote Elon Musk on June 19 at the time of the original filing of the lawsuit that he would continue to support Dogecoin.

I Will Keep Supporting Dogecoin

-Elon Musk (@elonmusk) June 19, 2022

Dogecoin course: The "Musk effect"

A connection between Elon Musk's statements and the course of cryptocurrency also shows a study from Hamburg: The Blockchain Research Lab uses 46 crypto-related tweets to the so-called "musk effect" on the Dogecoin course. The crypto veteran Bitcoin , on the other hand, was unimpressed by Musk's statements. The authors come to the clear conclusion that "the tweets of Elon Musk influence the cryptocurrency market. [...] A single tweet can trigger a large movement in the price and trade volume of a cryptocurrency, which raises concerns about investor protection." Musk's comments indicated a conflict between freedom of speech and moral protection of investors in an insufficiently regulated cryptoma market, according to the authors.

Musk offers to close Twitter buyout at original price: report

  Musk offers to close Twitter buyout at original price: report Elon Musk has offered to push through with his buyout of Twitter at the original agreed price, reports said Tuesday, just weeks before the opening of a bitter court case over his effort to withdraw from the deal. The latest twist in the long-running buyout saga comes less than two weeks before the start of the high-stakes trial instigated by Twitter in an effort to hold the Tesla chief to the $44 billion deal he signed in April. Musk was slated to be deposed by Twitter attorneys later this week in preparation for the trial.A serial entrepreneur made rich through his success with Tesla electric cars, Musk began to step back from the Twitter deal soon after it was agreed.

has come together in the past, Elon Musk has also been several times with the Dogecoin co-founder Jackson Palmer , who was annoyed by Musk's tweets and suspected self-in use behind the statements. Musk is a "crook" that sells a vision that he might not be able to meet in the future. Palmer not only refers to statements about cryptocurrencies, but also to Musk's visions for Tesla.

Damage claim of the Inverstors

of the Dogecoin with the Hundelogo, originally created as a satiracy on cryptocurrencies, was known worldwide by Elon Musk. Now the billionaire is being sued for damages of $ 258 billion. This corresponds approximately to the triple of the estimated price loss of the Dogecoin since May 2021. The Dogecoin has lost around 99 percent since May 2021, and is currently still listing at $ 0.065 (as of October 5, 2022). Redaktion

SpaceX cannot "indefinitely finance the system" Starlink in Ukraine, warns Elon Musk .
© Mike Blake Some 25,000 terminals were deployed in Ukraine, according to Elon Musk. The operation would have already cost the Starlink company $ 80 million, and the bill is expected to reach 100 million by the end of the year. Reuters/Mike Blake/Photo The SpaceX company can no longer have the means to continue to finance the Internet Starlink network in Ukraine. His boss Elon Musk pointed out the costs of this system on Friday, making an appeal to the American government to take over.

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