https://techcrunch.com/2022/06/16/dogecoin-investor-sues-elon-musk-tesla-and-spacex-for-258-billion/ > The crypto selloff of the past several weeks has erased hundreds of billions of dollars in paper gains and is leaving plenty of had-been crypto millionaires looking for something else to hodl onto. > A class action lawsuit was filed Thursday in federal court in Manhattan by an American Dogecoin investor who is accusing Elon Musk, Tesla and SpaceX of operating an illegal racketeering enterprise to inflate the price of the cryptocurrency. Musk has famously referenced the dog-themed cryptocurrency on his Twitter account frequently, mentions which often caused the price of the token to spike.