Elon Musk and Tesla Win Dismissal of Dogecoin Manipulation and Insider Trading Lawsuit

Aug 29, 2024, 11:15 PM

Elon Musk and Tesla have won the dismissal of a federal lawsuit that accused them of manipulating the cryptocurrency Dogecoin and engaging in insider trading. The lawsuit alleged that Musk and his electric vehicle company defrauded investors by hyping Dogecoin. The dismissal was ruled by U.S. District Judge Alvin Hellerstein. This legal victory marks the end of a long-running, baseless billion-dollar case against Musk and Tesla, which claimed they were involved in rigging Dogecoin prices.