Close Menu
Cryprovideos
    What's Hot

    Is a Bitcoin value rally to $150K attainable by yr's finish?

    June 7, 2025

    The most effective DOGE and BTC cloud mining platform in 2025, simply earn $16,777 a day

    June 7, 2025

    SUI will Set off a $96 Million Liquidation if Value Reaches This Degree

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Dogecoin traders withdraw case in opposition to Elon Musk as $259B lawsuit falls flat
    Dogecoin traders withdraw case in opposition to Elon Musk as 9B lawsuit falls flat
    Markets

    Dogecoin traders withdraw case in opposition to Elon Musk as $259B lawsuit falls flat

    By Crypto EditorNovember 16, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Dogecoin traders withdraw case in opposition to Elon Musk as $259B lawsuit falls flat

    A high-profile lawsuit accusing Elon Musk of manipulating the worth of Dogecoin (DOGE) has formally concluded, with traders withdrawing their enchantment of the case’s dismissal, Reuters reported on Nov. 15.

    The lawsuit, filed in 2022, alleged that Musk and his electrical car firm, Tesla Inc., engaged in fraud and insider buying and selling by leveraging Musk’s public affect to control DOGE costs. Nonetheless, District Decide Alvin Hellerstein dismissed the case in August this yr, ruling that the claims lacked ample authorized foundation.

    The traders, who initially sought $258 billion in damages, argued that Musk used tweets, media appearances, and promotional stunts to artificially inflate Dogecoin’s worth for private and company acquire.

    They cited Musk’s 2021 Saturday Night time Stay look, the place he jokingly referred to Dogecoin as a “hustle,” and his tweet describing it as “the longer term forex of Earth” as examples of his alleged market manipulation. Hellerstein rejected these arguments, stating that cheap traders couldn’t interpret such remarks as actionable funding recommendation or proof of fraud.

    The case additionally claimed that Musk coordinated trades round his public statements to maximise earnings and hurt traders. Nonetheless, the courtroom discovered no proof of insider buying and selling or market manipulation. Hellerstein dismissed associated claims, stating that the authorized theories offered by the traders have been inconsistent and unsubstantiated.

    Each side moved to finish the authorized battle final week, with the traders withdrawing their enchantment and Musk’s crew withdrawing their movement to sanction the traders’ lawyer for allegedly pursuing a “frivolous” lawsuit.

    The traders additionally dropped their request for sanctions in opposition to Musk’s attorneys, whom they accused of interfering with the enchantment by demanding extreme authorized charges.

    A stipulation to dismiss the enchantment and associated motions was filed on Nov. 14 in Manhattan federal courtroom and is pending closing approval from Decide Hellerstein.

    Musk, who acquired Twitter in 2022 and rebranded it as X, has confronted repeated criticism for his affect on crypto markets. His actions round Dogecoin have sparked debates over the regulatory challenges posed by high-profile figures in speculative markets.

    Talked about on this article



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    SUI will Set off a $96 Million Liquidation if Value Reaches This Degree

    June 7, 2025

    Dogecoin Quantity Down 48% as DOGE Worth Rallies — Why?

    June 7, 2025

    U.S. Treasury Abruptly Buys $10,000,000,000 of Its Personal Debt in Large, Historic Treasury Buyback – The Every day Hodl

    June 7, 2025

    Tezos Prompts Knowledge Availability Layer to Increase Scaling Efforts

    June 7, 2025
    Latest Posts

    Is a Bitcoin value rally to $150K attainable by yr's finish?

    June 7, 2025

    The most effective DOGE and BTC cloud mining platform in 2025, simply earn $16,777 a day

    June 7, 2025

    Bitcoin Holds Above $100K, However Analyst Sees Bother Brewing

    June 7, 2025

    Pepe Worth Prediction: $PEPE Declines as Bitcoin Hyper Emerges as a Prime Presale Decide

    June 7, 2025

    Circle Inventory Climbs: CRCL Quadruples IPO Value as Bitcoin Regains – Decrypt

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    Prime 6 Bitcoin Cloud Mining Platforms in 2025 – Trusted, Newbie-Pleasant & Excessive Incomes Potential

    June 7, 2025

    Bitcoin Indicator Exhibits Rising Divergence Between Whales And Retail – Particulars | Bitcoinist.com

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ex-Binance chief Changpeng Zhao eyes Presidential pardon, backs Donald Trump’s crypto imaginative and prescient

    December 2, 2024

    New AI Agent Crypto MIND Of Pepe Raises $1.9M In First 48 Hours Of Presale – Subsequent ai16z?

    January 18, 2025

    Pudgy Penguins Data $18M In Day by day NFT Gross sales – Right here's What Fueled It

    December 16, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.