{"id":142404,"date":"2024-11-16T16:00:21","date_gmt":"2024-11-16T14:00:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142404"},"modified":"2024-11-16T00:49:00","modified_gmt":"2024-11-15T22:49:00","slug":"elon-musks-legal-battle-over-dogecoin-price-manipulation-ends","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/elon-musks-legal-battle-over-dogecoin-price-manipulation-ends\/","title":{"rendered":"Elon Musk&#8217;s Legal Battle Over Dogecoin Price Manipulation Ends"},"content":{"rendered":"<p>Investors who had accused Musk and his company Tesla of insider trading and fraud have chosen to drop their appeal of the case\u2019s dismissal, which was initially ruled on August 29.<\/p>\n<p>The lawsuit stemmed from Musk\u2019s tweets and public actions, including his infamous appearance on Saturday Night Live, where he called Dogecoin a \u201cscam.\u201d Investors claimed Musk deliberately manipulated <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">Dogecoin\u2019s value<\/a><\/strong> for personal financial gain, leading to significant losses.<\/p>\n<p>However, a ruling in August determined that the investors could not prove securities fraud, as Musk\u2019s statements were deemed too vague to mislead reasonable investors. The judge also dismissed claims of market manipulation and insider trading.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-142317\" href=\"https:\/\/cryptodnes.bg\/en\/binance-to-list-trending-memecoin-price-surges-50\/\" title=\"Binance to List Trending Memecoin, Price Surges 50%\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-1-3-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Binance to List Trending Memecoin, Price Surges 50%<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Despite the initial demand for $258 billion in damages, both parties reached an agreement to <strong><a href=\"https:\/\/www.reuters.com\/legal\/lawsuit-claiming-elon-musk-rigged-dogecoin-ends-2024-11-15\/\" rel=\"nofollow\">dismiss<\/a> <\/strong>the case. The stipulation, filed in Manhattan federal court, was approved by Judge Alvin Hellerstein, effectively closing the legal dispute.<\/p>\n<p>Musk, a long-time supporter of Dogecoin, also recently expanded his involvement with cryptocurrency through his role as co-chair of the Department of Government Efficiency (DOGE), a new initiative linked to President-elect Donald Trump.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent legal battle involving Elon Musk and allegations of Dogecoin (DOGE) price manipulation has officially come to an end.<\/p>\n","protected":false},"author":7,"featured_media":36838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,22],"tags":[110,109,234,122],"coin_category":[],"class_list":["post-142404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-others","tag-doge","tag-dogecoin","tag-donald-trump","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Elon Musk&#039;s Legal Battle Over Dogecoin Price Manipulation Ends<\/title>\n<meta name=\"description\" content=\"A prominent legal battle involving Elon Musk and allegations of Dogecoin (DOGE) price manipulation has officially come to an end.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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