Dogecoin’s investor sues Musk for $258 bn in US for illegal rackeetering

As millions of investors lose their hard-earned money in the global crypto meltdown, an American Dogecoin cryptocurrency investor has sued Elon Musk, Tesla and SpaceX for $258 billion for allegedly operating an illegal racketeering enterprise to inflate the price of Dogecoin.

Called ;Dogefather’, Musk has long been a vocal proponent of Dogecoin and tweeted several times in the past to help spike the price of the digital token.

A class-action lawsuit has been filed in a federal court in Manhattan, and the Dogecoin investor called for triple the damages of $86 billion, which is how much the plaintiff alleges has been lost by Dogecoin investors since Musk started tweeting about it, reports TechCrunch.