Dogecoin Creator Embroiled in Elon Musk’s $258 Billion Legal Battle

Dogecoin investors have implicated several influencers and personalities within the DOGE community in a recent court filing related to the ongoing $258 billion lawsuit against Elon Musk. The court documents allege that these individuals generated favorable social media content about Musk and Dogecoin in exchange for undisclosed benefits. The filing also claims that former Tesla employees have confirmed the existence of a dedicated team at Tesla that hunts for negative remarks about the company and Musk on social media and pressures individuals to delete such content.

Among the Twitter accounts named in the court filing are Billy Markus, known as “Shibetoshi Nakamoto” and the co-creator of Dogecoin, and Dogecoin developer “Mishaboar” (@mishaboar). These individuals, along with other accounts such as DogeDesigner (@cb_doge), Chairman (@WSBChairman), Sir Doge of the Coin (@dogeofficialceo), MyDogeTip (@MyDogeTip), The Under Doge (@TheUnderDoge3), MyDoge Wallet (@MyDogeOfficial), and Alex (@MyDogeCTO), are accused of creating an unduly positive narrative around Musk and Dogecoin.

In response to the allegations, Billy Markus denied being an associate of Elon Musk and stated that he never posts anything negative about Dogecoin. Mishaboar also took to social media to clarify that their account never received any ad revenue from Twitter and will not accept payments for sponsored posting. Both individuals questioned the legality of the allegations and expressed their lack of understanding regarding legal matters.

The inclusion of these influencers in the lawsuit expands its scope and could complicate matters for them. Proving the falsity of the allegations will be the responsibility of the defendants. Richard L, who initiated the online conversation with Markus, noted that the defendants may need to provide evidence to refute the claims, which could involve expensive forensic investigations.

The implications of these allegations for the broader Dogecoin community are still unclear as the case continues to develop. It remains to be seen if the allegations will have any significant impact on the $258 billion damages sought in the lawsuit.

At the time of writing, DOGE was trading at $0.0625.

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J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

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