- Billionaire filed class action lawsuit
- Prosecution Alleges Musk Leaked $95 Million in DOGE During April Hype
- He himself, through a lawyer, denies any relation to the account indicated in the case file.
At the end of May, a lawsuit was filed against Elon Musk, in which the billionaire was accused of insider trading. Allegedly, he used the “publicity stunt” of replacing the Twitter logo with a DOGE image to “warm up” the course and then “skim the cream”.
Last Wednesday, June 7, the prosecution filed an amended version of the lawsuit. Another amount appears in it – $95 million. Allegedly, this is the proceeds from the sale of DOGE on the wave of April demand (in the period from 3 to 6).
But if last time Musk’s lawyer left the case without comment, now he reacted to it. Alex Spiro directed letter side of the prosecution, in which he ridiculed the competence of his colleague Evan Spencer.
He also stated the following:
“You are claiming without any reason that the following wallets “belong” to the defendant. You are not right”.
Obviously, Musk does not consider himself guilty. Moreover, he denies any relation to said wallet.
Evidence base of the claim
In early April, it was reported that Elon Musk may have a vested interest in his “joke” with the Twitter logo. Allegedly, the user “DH5ya”, from whose account the sale of DOGE was carried out, is directly connected with the billionaire.
In one of the transactions, 80085 DOGE “coins” appear, which is read as “BOOBS”. Recall that Musk hoped to “award” a new university in Texas with such an abbreviation.
Also in the file are Musk’s “tweets”, the message “Hi, Elon” in one of the transactions, and some other details. All together it really looks suspicious.
At some point, the wallet held up to $25 billion worth of DOGE. This is hardly possible for an ordinary investor who is also an “ardent fan” of memcoin.
The trial is expected to take place in August.