On September 12, 2023, the biography of the owner of X Corp will be released. Elon Musk by the authorship of the WSJ edition. It mentions that the billionaire secretly financed the development of the Dogecoin project.
The biography of Elon Musk, which will be published on September 12, revealed that he has been quietly funding the development of DOGECOIN; considered creating a social media based on blockchain and including payment; SBF ultimately failed to invest 5 billion to help acquire… pic.twitter.com/jshe9Gk7qI
— Wu Blockchain (@WuBlockchain) September 2, 2023
In June 2022, a group of investors filed a class action lawsuit against Musk for $258 billion. The billionaire was accused of organizing a fraudulent scheme around the DOGE token.
In early April 2023, Musk’s lawyers filed a motion to dismiss the case due to lack of evidence. In May, another file was filed against him, in which the owner of X Corp. accused of insider trading.
Lawyers demanded to close it too, noting that their client had nothing to do with the specified token. And his publications, which eventually led to an increase in the price of DOGE, should be taken as a joke.
New data in Musk’s biography from the WSJ may give impetus to the further development of these cases. In addition to the connection to Dogecoin, she also sheds light on the billionaire’s relationship with former FTX CEO Sam Bankman-Freed.
The publication claims that the latter participated in the deal to buy Twitter. At the same time, the billionaire himself has repeatedly denied this fact.
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Source: Cryptocurrency
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