A lawsuit accusing #ElonMusk of manipulating #Dogecoin 's market value has been resolved. Investors dropped their appeal and motions, leading a Manhattan federal judge to dismiss the case. The claims alleged Musk used tweets and public appearances, including on Saturday Night Live, to manipulate Dogecoin's value for personal gain.
The case, revised four times over two years and seeking $258 billion in damages, failed to prove securities fraud or market manipulation. Both Musk and the investors have agreed to end their legal actions, pending approval by U.S. District Judge Alvin Hellerstein.
