- Evan Spencer, the lawyer representing Dogecoin investors in a lawsuit against Elon Musk, claims the billionaire’s lawyers are conducting a harassment campaign against him.
- The dispute centers around accusations that Musk secretly controlled wallets selling Dogecoin, thus manipulating its price.
The battle lines in the legal contest between Tesla’s CEO Elon Musk and a faction of Dogecoin investors have deepened. Evan Spencer, the main counsel for the class-action lawsuit against Musk, continues to push for the disqualification of Musk’s lawyers from the case. In a recent submission to a New York federal court, Spencer delineates their tactics as a direct harassment campaign towards him.
The Ongoing Saga
This claim extends a chain of events reflected in recent court documents. Spencer previously filed a request to dismiss Musk’s legal team and urged for financial sanctions due to what he referred to as their “dirty tactics” in pre-trial activities.
His accusations spotlight a letter authored by Musk’s counsel Alex Spiro, which was discussed by the New York Post on June 15. The letter demanded the dismissal of an updated complaint, alleging that Musk secretly owned or controlled two wallets involved in significant DOGE transactions over two days in April, ostensibly to manipulate its value.
Musk’s legal team fired back on July 7, calling Spencer’s dismissal request an “insult”. They argued that the assertion they leaked the letter to the Post was unfounded and even if true, it would not infract ethical regulations.
Spencer denied any previous relationship with the reporter from the Post, suggesting the leaked letter could have only originated from Musk’s team or someone acting on their behalf. His perspective is that this aggressive behavior aligns with Musk’s preference for assertive lawyers, as reflected in a previous tweet where Musk boasted about establishing a “hardcore litigation department” of “streetfighters” at Tesla.
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He anticipates further assaults on his reputation, writing,
“Having managed to publish false claims about me in the media once before, Defense Counsels were and are threatening to place this disparagement of me into the public record again.”
This high-stakes court combat began last June, revolving around allegations that Musk was part of a scheme to endorse the meme cryptocurrency. Musk, who has expressed interest in DOGE and previously collaborated with the token’s creators, refutes any misconduct.
Parallel Developments
In related news, Alex Mashinsky, former CEO of cryptocurrency exchange Celsius Network, invoked Dogecoin to rationalize the manipulation of the price of Celsius’s proprietary token, CEL. He highlighted the influence of speculative demand on the market value of cryptocurrencies, much like what he perceives to have occurred with CEL. His ongoing legal trouble and recent comments continue to stir the cryptocurrency industry.
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