Elon Musk, Tesla beat Dogecoin manipulation lawsuit
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 30 2024Lawsuit Dismissal: Elon Musk and Tesla successfully had a $258 billion lawsuit dismissed, which accused them of manipulating Dogecoin prices based on misleading tweets by Musk. The judge ruled that Musk's statements were aspirational and not factual, indicating no reasonable investor could rely on them for investment advice.
Impact on Dogecoin: Following the dismissal, Dogecoin's price remained stable, showing only a slight increase of 0.1% in the last 24 hours, but it has dropped 20% over the past month.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
