Tech

Elon Musk is being sued for $ 258 billion

Elon Musk is being sued for $ 258 billion
Tesla and SpaceX CEO Elon Musk has been sued for $ 258 billion (245 billion euros) by a Dogecoin investor, who accuses him of running a pyramid scheme to support cryptocurrency.

In a lawsuit filed in a Manhattan court Thursday, plaintiff Keith Johnson accused Musk, the maker of electric cars of blackmail for advertising the cryptocurrency Dogecoin, raising its price initially, and drastically dropping its value in the end.

"Musk used his pedestal as the richest man in the world to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure and entertainment," the lawsuit states.

The complaint also raises comments from Warren Buffett, Bill Gates and others who question the value of the cryptocurrency.

Elon Musk has not yet made any public reaction.