Urgent: Musk will buy this currency. And ignores the possibility of losing all his wealth.

As the cryptocurrency market collapses, at the same time Tesla CEO Elon Musk (NASDAQ:TSLA) and SpaceX appear to be under heavy attack and a massive lawsuit over a fraudulent dog coin scheme.

The Tesla founder tweeted again that he still supports The Dog Queen as his favorite currency as the moon coin, while Elon Musk has indicated that he will continue to buy the famous dog currency.

Elon Musk seems unaffected by the fraudulent scheme’s allegations about Doug Quinn, doubling down on his love of Doug Quinn’s favorite coin system with a tweet: “I will continue to support Dogecoin.”

Urgent: Wholesale collapses. The biggest fall in three years.

Urgent: Earthquake falls everyone

Lawsuit

On June 16, a New York district court received a class action complaint against Elon Musk, the world’s richest man, and his two companies, SpaceX and Tesla, over a Ponzi scheme allegedly using Dog Queen symbols.

The suit demanded total financial damages of $258 billion from Musk as the court demanded that Doug Quinn’s trading be judged as a gamble in the United States.

However, the lawsuit did not resonate with the cryptocurrency community as entrepreneurs began to mock the move.

Musk, too, seemed unshakeable about the claim because he doubled down on his love and support for the famous meme dog Queen.

Urgent: Emergency and sudden decision. To get rid of Russia.

Urgent: The rocket quickly landed. 90%

More support

On June 18, Dogecoin creator Billy Marcus, who is no longer part of the project, shared his vision of the famous dog currency that transcends speculation, the clamor of issues and compensation.

The Founder of Dog Queen recommended that developers focus more on their usefulness and security, and Musk agreed to respond “more currency-like” to Marcus’ proposal.

The world’s richest man reassured Marcus by sharing his openness to using Doug Quinn as a way to pay for other services as well as Tesla and SpaceX goods.

A scary collapse. The worst is on the way.

Urgent: Very important news. delightful

Fake clips

It has been discovered that bad actors trying to make profits from Musk’s success are releasing fake videos promoting cryptocurrency frauds.

Musk came across a fabricated video making online tours, where deep counterfeiting was used to imitate the TED Talk businessman.

In the video, Musk’s deepfake version was found promoting an encrypted currency platform that yields 30% returns on cryptocurrency deposits.

Losing all his wealth.

According to the current value of the wealth of tesla founder SpaceX, who supports the Dog Coin, he will continue to buy it while companies will be required to accept it as a means of paying for its products.

Elon Musk could lose his entire fortune and go from billionaire to multibillion-dollar debt if the case over spacex fraud and Doug Quinn’s currency is ruled on.

According to the Bloomberg Wealthy Index, Musk is on the billionaires’ throne with an estimated fortune of $206 billion, $52 billion less than the compensation required in the Doug Quinn suit.