- A class action suit was filed against the billionaire
- The prosecution alleges that Musk “drained” DOGE for $95 million during the April haip
- He himself, through a lawyer, denies any connection to the account listed in the case file
In late May, a lawsuit was filed against Ilon Musk, accusing the billionaire of insider trading. He allegedly used a “publicity stunt” to replace the Twitter logo with an image of DOGE in order to “heat up” the course and then “skim the cream.”</nbsp;
The prosecution filed an amended version of the suit last Wednesday, June 7. It already shows a different amount – $95 million.. Allegedly it is the proceeds from the sale of DOGE on the wave of April demand (from 3 to 6).
But if the last time Musk’s lawyer left the case without comment, now he responded to it. Alex Spiro sent a letter to the prosecution in which he ridiculed the competence of his colleague Evan Spencer.
He also stated the following:
“You are baselessly claiming that the following wallets “belong to” Defendant. You’re wrong.”
Obviously, Musk doesn’t think he’s guilty.. Moreover, he denies any relation to the said wallet.
The evidence base of the lawsuit
In early April, it was reported that Elon Musk may have a vested interest in his “joke” with the Twitter logo. Allegedly, user “DH5ya,” from whose account the sale of DOGE was conducted, is directly connected to the billionaire.
One of the transactions includes 80085 DOGE “coins,” which reads as “BOOBS.”. Recall that such an acronym Musk hoped to “award” a new university in Texas.
There are also “tweets” Musk, the message “Hello, Elon” in one of the transactions and some other details. All together it does look suspicious.
At one point, the wallet held up to $25 billion worth of DOGE.. It’s unlikely that the average investor, who is also a “zealous fan” of memcoin, can do that.</nbsp;
The trial in the case is expected to take place in August.</p