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Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation

Summary by Coin Desk
A group of investors in 2022 alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts.

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Elon Musk, the controversial CEO of Tesla and SpaceX, has been acquitted of a class action lawsuit accusing him of manipulating the Dogecoin market. This case, which has caught the attention of the crypto community and beyond, marks a turning point for the future of Dogecoin and for public figures involved in the cryptocurrency world. The trial: [...] The article Elon Musk acquitted in a class action lawsuit against Dogecoin appeared first on Cr…

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In 2022, a group of investors accused Elon Musk and his company of manipulating the price of Dogecoin via their Twitter accounts. They believed Musk's tweets affected the value of cryptocurrency and led to significant market changes. But the lawsuit against Musk and Tesla was recently dismissed, acquitting them of these charges. Elon Musk and Tesla win lawsuit over Dogecoin manipulation A judge in Manhattan has permanently dismissed a lawsuit ac…

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Law.com broke the news in on Friday, August 30, 2024.
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