{"id":21665,"date":"2023-06-18T01:48:58","date_gmt":"2023-06-18T01:48:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/elon-musk-denies-accusations-of-owning-major-dogecoin-wallets\/"},"modified":"2023-06-18T01:48:58","modified_gmt":"2023-06-18T01:48:58","slug":"elon-musk-denies-accusations-of-owning-major-dogecoin-wallets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/elon-musk-denies-accusations-of-owning-major-dogecoin-wallets\/","title":{"rendered":"Elon Musk Denies Accusations of Owning Major Dogecoin Wallets"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Tesla CEO, Elon Musk, has firmly denied allegations that he owns significant Dogecoin (DOGE<\/a>) wallets in a lawsuit accusing him of orchestrating pump-and-dump schemes with the meme-inspired cryptocurrency, potentially damaging retail investors. Alex Spiro, Musk\u2019s legal representative, has issued a written denial, stating the accusations linking Musk to specific Dogecoin wallets are \u201cbaseless,\u201d firmly asserting that the plaintiffs are mistaken in their assertions.<\/p>\n

In early June 2023, Musk found himself entangled in new accusations of insider trading related to Dogecoin. The plaintiffs\u2019 attorneys argue that Musk\u2019s change of the Twitter logo to Dogecoin<\/a> was part of an alleged scheme. However, a letter from Spiro, obtained by the New York Post, categorically denies that Musk is the purported DOGE \u201cwhale,\u201d or large-scale holder, as depicted by the accusers.<\/p>\n

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Legal Pushback<\/h2>\n

Spiro\u2019s letter to Evan Spencer, the attorney representing the plaintiffs, contested the allegations. He stated, \u201cYour allegations that certain wallets \u2018belong\u2019 to the defendants are baseless. You are mistaken. Your claim relies solely on the fact that these wallets offloaded Dogecoin at a time when, according to your third amended complaint, the prices were climbing.\u201d<\/p>\n

In April, Musk\u2019s legal team attempted to dismiss the case, arguing that tweeting about a legitimate currency did not constitute misconduct. The plaintiffs, who brought the case forward in June 2022, insist that Musk is part of a \u201ccrypto pyramid scheme\u201d involving DOGE. The original complaint suggests that the \u201cplaintiffs and the class lost approximately $86 billion in this crypto pyramid scheme.\u201d<\/p>\n

Upon reviewing the letter from Musk\u2019s attorney, the New York Post solicited a response from the plaintiff\u2019s attorney, Spencer, who stated, \u201cThis case will be battled in court, not in the media. The plaintiffs and I are more confident than ever that we will prevail in this case.\u201d<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) Tesla CEO, Elon Musk, has firmly denied allegations that he owns significant Dogecoin (DOGE) wallets in a lawsuit accusing him of orchestrating pump-and-dump schemes with the meme-inspired cryptocurrency, potentially damaging retail investors. Alex Spiro, Musk\u2019s legal representative, has issued a written denial, stating the accusations linking […]<\/p>\n","protected":false},"author":5,"featured_media":21666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21665"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21665"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21666"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}