According to Bloomberg, Elon Musk and two of his firms, Tesla and SpaceX, are facing a $258 billion lawsuit.
Musk is accused of being a part of a racketeering operation to back the cryptocurrency, according to the lawsuit.
“Defendants falsely and deceptively claim that Dogecoin is a genuine investment when it has no value at all,” according to the complaint filed by Keith Johnson.
What are your thoughts on the news? Is there any merit to the lawsuit? So, what’s next? Let us know in the comments section below!