Spencer filed a statement in a New York court, in which he said that Spiro had passed and distorted confidential information to the correspondents of the New York Post in order to blacken his honest name. Alex allegedly provided journalists with a falsified copy of the letter he sent to Evan.

Using this data, New York Post reporter Joshua Kosman wrote an article with the headline “Elon Musk denies owning Dogecoin wallets in connection with an insider trading lawsuit.”