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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Elon Musk Seeks to End $258 Billion Dogecoin Lawsuit

Elon Musk Dogecoin United States Lawsuit Tesla Inc. Crypto Manhattan
A photo of Elon Musk is displayed on a smartphone placed on representations of cryptocurrency Dogecoin in this illustration taken June 16, 2022. REUTERS/Dado Ruvic/Illustration

Elon Musk asked a US judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin.

In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by Dogecoin investors a "fanciful work of fiction" over Musk's "innocuous and often silly tweets" about Dogecoin, Reuters reported.

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