Dogecoin Foundation, Boring Co. Now Targeted in Musk's $258B Lawsuit: What You Need to Know

The legal saga surrounding Elon Musk and Dogecoin continues to unfold. What started as a $258 billion lawsuit accusing Elon Musk of running a pyramid scheme to fund the cryptocurrency Dogecoin has expanded, adding significant new developments. Originally filed in mid-June, the lawsuit, which targets Musk, his electric car manufacturing company Tesla, and his space exploration enterprise SpaceX, has now implicated even more entities.

New Plaintiffs and Defendants Added

According to reports from 6 de sept. de 2025, the lawsuit now includes seven new plaintiffs, investors who claim to have lost money in Dogecoin. Furthermore, as of 9 de sept. de 2025, six new defendants have been added, including Musk's The Boring Company and the Dogecoin Foundation. This significantly broadens the scope of the legal battle.

Allegations of Price Manipulation

The core of the 9 de sept. de 2025 lawsuit accuses Musk of advertising Dogecoin as a “legitimate investment” through his social media profiles and artificially inflating the DOGE price. The plaintiffs describe this as a “Dogecoin pyramid scheme” and seek substantial damages for their losses. The filing further alleges racketeering, a serious charge with potentially severe consequences.

Boring Company and Dogecoin Foundation Implicated

8 de sept. de 2025 reports confirm that the $258 billion lawsuit now includes Musk's Boring Company, alongside SpaceX and Tesla. The rationale behind including these companies, as highlighted in 8 de sept. de 2025 news, is their alleged involvement in the promotion and manipulation of Dogecoin's value.

Stay tuned for further updates as this high-profile case progresses. The 8 de sept. de 2025 coverage emphasizes the significant financial implications and the potential impact on the future of Dogecoin and Elon Musk's various enterprises.