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Federal judge blocks Elon Musk's DOGE team from accessing sensitive taxpayer data


Published on 2025-02-09 07:40:45 - ABC
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  • The lawsuit alleged the breach of sensitive Treasury Department data "poses huge cybersecurity risks" and violates multiple federal laws.

The article from ABC News discusses a lawsuit filed by 19 states against Elon Musk and his company, X Corp, formerly known as Twitter, over the rebranding to "X" and the use of the Dogecoin logo. The states allege that Musk's actions, including tweeting about Dogecoin and the rebranding, artificially inflated the cryptocurrency's value, leading to a "pump and dump" scheme. They claim that Musk's influence and public statements manipulated the market, causing investors to suffer significant financial losses when the value of Dogecoin eventually dropped. The lawsuit seeks to address these allegations of market manipulation and seeks damages for those affected by the fluctuations in Dogecoin's value.

Read the Full ABC Article at:
[ https://abcnews.go.com/Politics/19-states-sue-block-elon-musks-doge-team/story?id=118592966 ]