• Elon Musk denies that one of his associates is involved with the Dogecoin Foundation

  • Tesla CEO Elon Musk has denied that the head of his family office, Jared Birchall, is on the advisory board of the re-established Dogecoin foundation.

    In a recent tweet, the billionaire claims that he, Birchall, and none of his associates are involved.

    The clarification caused considerable consternation in the Dogecoin community because it implies that the foundation lied about its affiliation with Musk’s team.

    Birchall, Ethereum co-founder Vitalik Buterin, and Dogecoin co-founder Billy Markus have joined the board of advisors of the relaunched Dogecoin Foundation. The appointment of Musk’s right-hand man to the board was initially welcomed and celebrated by the community. Musk is known as one of the meme coin’s most vocal supporters, recently predicting that he would become the first Dogecoin trillionaire.

    According to the organization’s official website, the board’s composition remains unchanged.

    The foundation bared its teeth last month, threatening copycat Dogecoin 2.0 (DOGE2) with legal action to protect the cryptocurrency’s brand.

    Musk bemoans cryptocurrency scams.

    Musk also complained about the proliferation of cryptocurrency scams on Twitter in a separate tweet.

    Since 2018, the billionaire, whose net worth recently surpassed Portugal’s GDP, has spoken out against crypto fraudsters who impersonate famous people.

    Musk’s Twitter account was hacked last July in order to promote a Bitcoin giveaway scam.

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