CEO Elon Musk denied his family office’s chief Jared Birchall is on the advisory board of the re-established Dogecoin foundation. In a recent tweet, the billionaire says he, Birchall, and their allies are not engaged.
Elon Musk has denied that the head of his family office, is on the advisory board of the re-established Dogecoin foundation. In a recent tweet, the centibillionaire writes that neither he, nor Birchall, nor any of his associates are involved.
Neither Jared, nor me, nor anyone I know has anything to do with this foundation— Elon Musk (@elonmusk) October 24, 2021
The clarification has generated a great deal of consternation in the Dogecoin community since it indicates that the foundation misled about its affiliation with Musk’s team in the first place.
Hello Elon! We are confused!— Mishaboar (@mishaboar) October 24, 2021
As part of its relaunch, the Dogecoin Foundation stated that it has reestablished its board of advisors, which included Birchall, Ethereum co-founder Vitalik Buterin, and Dogecoin co-founder Billy Markus, among others.
The appointment of Musk’s right-hand man to the board of directors was first met with enthusiasm and was even hailed as a success by certain members of the community. Musk is well-known as one of the most outspoken proponents of the joke coin, and he recently predicted that he will become the world’s first Dogecoin billionaire.
According to the organization’s official website, the board’s membership has remained unchanged since it was established.
A legal lawsuit against copycat cryptocurrency Dogecoin 2.0 (DOGE2) was threatened by the foundation last month in order to safeguard the cryptocurrency’s identity.
Musk expresses displeasure with cryptocurrency frauds
Musk also expressed his displeasure with the growth of bitcoin frauds on Twitter in a second post.
Neither Jared, nor me, nor anyone I know has anything to do with this foundation— Elon Musk (@elonmusk) October 24, 2021
Since 2018, the centibillionaire, whose net worth has just surpassed the GDP of Portugal, has spoken out against crypto scammers that pose as well-known figures, such as celebrities. Musk’s Twitter account was hacked in July, and the hacker used it to promote a bogus Bitcoin giveaway scheme.
