Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

How the Binance wallet drives tokenized stock trading with on-chain access

27/11/2025

Famous Korean CEO Applies Eight Models, Reveals Ethereum’s Fair Value! Is It Expensive or Cheap Now?

27/11/2025

Tokenized Funds Market Cap Could Hit $1.9 Trillion by 2030: Galaxy

27/11/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Famous Korean CEO Applies Eight Models, Reveals Ethereum’s Fair Value! Is It Expensive or Cheap Now?

    27/11/2025

    Ethereum Price Rockets Above $3K Again — Are Bulls Preparing the Next Leg Higher?

    27/11/2025

    Ethereum price reclaims $3K as spot ETH ETFs record fourth straight day of inflows

    27/11/2025

    ETH Attempts Recovery as Market Readies for Fusaka Upgrade

    27/11/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Conor McGregor accuses Khabib Nurmagomedov of scamming fans with $4.4 million NFT sale

    27/11/2025

    Leading RWA Start-Up ASX Goes Big on BNB Chain

    27/11/2025

    Mixed Momentum Hits NFT Sector; DMarket Leads the Top 10 Chart While Blue-Chips Diverge

    27/11/2025

    Why This Billionaire Collector Continues to Buy NFTs in 2025

    24/11/2025

    How the Binance wallet drives tokenized stock trading with on-chain access

    27/11/2025

    Famous Korean CEO Applies Eight Models, Reveals Ethereum’s Fair Value! Is It Expensive or Cheap Now?

    27/11/2025

    Tokenized Funds Market Cap Could Hit $1.9 Trillion by 2030: Galaxy

    27/11/2025

    Hyperliquid’s HIP-3 custom markets go live with $500M+ in 24-hour trading volume

    27/11/2025
  • Blockchain

    Tether’s Hadron and Crystal Intelligence Forge Powerful Compliance Partnership

    27/11/2025

    U.S Bank Tests Custom Stablecoin Issuance on Stellar Network

    27/11/2025

    a breakthrough for financial blockchain

    27/11/2025

    Chainlink and Holdstation Partner to Enable Secure Cross-Chain HOLD Transfers via CCIP

    27/11/2025

    Institutions Turn to Purpose-Built Blockchains as Privacy Concerns Drive Shift Away from Ethereum

    27/11/2025
  • DeFi

    DeFi is already 30% of the way to mass adoption: Chainlink founder

    27/11/2025

    Ethena USDe TVL Crashes to $7.6B Amid Yield Collapse

    27/11/2025

    Navigating Market Turbulence with Conviction

    27/11/2025

    Chainlink’s Nazarov says DeFi could reach mass adoption by 2030

    27/11/2025

    DeFi’s $55B Plunge Isn’t the Disaster It Looks Like

    27/11/2025
  • Metaverse

    Cambridge Institute Joins InfblueNFT to Transform Digital Communication

    21/11/2025

    AGI Open Network Partners with MetaMars to Drive Marverse Economy

    15/11/2025

    Koda Nexus Opens in Otherside, Bored Ape Yacht Club Creator Debuts Social Hub

    13/11/2025

    Hollywood.com Reveals Crypto-Powered Prediction Market for Movies, TV and More

    04/11/2025

    Bored Ape creator revives brand with Otherside metaverse debut

    31/10/2025
  • Regulation

    Tokenized Funds Market Cap Could Hit $1.9 Trillion by 2030: Galaxy

    27/11/2025

    Zac Prince blew up BlockFi, now wants your deposits at Galaxy One

    27/11/2025

    Dow rises as gold rallies to 4,000

    27/11/2025

    ETF Listing Reforms by Consob Could Boost Retail Investor Participation

    27/11/2025

    Oracle and Crypto Stocks Crash After Report on AI Profit Margins

    27/11/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    How the Binance wallet drives tokenized stock trading with on-chain access

    27/11/2025

    Hyperliquid’s HIP-3 custom markets go live with $500M+ in 24-hour trading volume

    27/11/2025

    Crypto exchange inflows cool as market correction deepens

    27/11/2025

    Binance Cofounder Yi He: Crypto Wins

    27/11/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Crypto Game ‘Cross the Ages’ Launches ‘Arise’ RPG Alpha Test on Epic Store

    26/11/2025

    ‘Assassin’s Creed’ Maker Ubisoft Unveils Game Powered by Generative AI

    24/11/2025

    Stobix Partners With Funton.ai to Boost Web3 Gaming Growth

    20/11/2025

    GaFin Partners with Undead Blocks to Boost Web3 Gaming via Integrated Rewards Network

    18/11/2025

    CleanSpark stock jumps 14% on explosive 102% YoY revenue growth

    27/11/2025

    Tether pulls out of Uruguay after energy cost hurdles

    27/11/2025

    CleanSpark posts record 2025 revenue after expanding Bitcoin mining and AI strategy

    27/11/2025

    U.S. Investigated Bitcoin Miner Manufacturer Bitmain as National Security Risk: Report

    26/11/2025

    Cardano Founder Hails Ripple CEO as Crypto’s Hardest-Working Advocate for the CLARITY Act

    26/11/2025

    Crypto Market Legislation Could Pass by Year-End, Says Sacks

    26/11/2025

    India Reviews Crypto Framework to Protect 100M+ Users and Exchanges

    26/11/2025

    Securities Tokenization Takes Center Stage on December 4

    26/11/2025

    How the Binance wallet drives tokenized stock trading with on-chain access

    27/11/2025

    Famous Korean CEO Applies Eight Models, Reveals Ethereum’s Fair Value! Is It Expensive or Cheap Now?

    27/11/2025

    Tokenized Funds Market Cap Could Hit $1.9 Trillion by 2030: Galaxy

    27/11/2025

    Hyperliquid’s HIP-3 custom markets go live with $500M+ in 24-hour trading volume

    27/11/2025
  • MarketCap
NBTC News
Home»Legal»Elon Musk’s D.O.G.E is investigating wealthy federal employees for fraud
Legal

Elon Musk’s D.O.G.E is investigating wealthy federal employees for fraud

NBTCBy NBTC13/02/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Elon Musk’s Department of Government Efficiency (D.O.G.E) is digging into federal employees whose net worth doesn’t match their salaries. The office, which was created by president Donald Trump, is tracking government workers making a few hundred thousand dollars but somehow sitting on tens of millions.

“We find it sort of rather odd that there are quite a few people in the bureaucracy who have a salary of a few hundred thousand dollars but somehow manage to accrue tens of millions of dollars in net worth,” Elon said from the Oval today. “We’re just curious as to where it came from.”

Federal agencies forced to cooperate with Elon

Trump has ordered federal agencies to cooperate with D.O.G.E to drastically reduce the size of the federal workforce, according to a White House fact sheet released today. The plan limits agencies to hiring one new employee for every four that leave, except in law enforcement, national security, immigration, and public safety.

As you can see in the video above, Elon made a rare appearance in the Oval alongside self-proclaimed best buddy Trump to defend D.O.G.E’s strategy. His approach has of course been to deploy young investigators across federal agencies, comb through payroll systems, track employee assets, and—when necessary—shut down entire offices.

Trump said D.O.G.E had already uncovered “billions and billions of dollars in waste, fraud, and abuse.” No direct evidence was provided, but Elon claimed that Treasury Department systems lacked basic safeguards to stop payments to banned entities.

“It’s like just a massive number of blank checks just flying out of the building,” Elon told reporters. The eccentric billionaire has also been posting cases of fraud on X, exposing major inefficiencies in federal spending. He admitted that some of his claims could be incorrect but said they should just be fact-checked and corrected if that’s the case then. “Trust me, I want to be wrong. I want it proven to me that the scale of corruption I have discovered is, you know, inaccurate,” said Elon.

Federal workers face uncertain future

Trump has vowed to push D.O.G.E’s findings through Congress if necessary. He also blasted federal judges for blocking some of his government overhaul efforts but said he would “abide by the courts.”

Elon Musk with his kid, X, at the Oval with president Trump

Meanwhile, a federal judge in Rhode Island ruled that the White House had not fully complied with an order to release billions in federal grant money.

For employees resisting the buyout plan, the situation is uncertain. Government reduction-in-force regulations allow laid-off federal workers to receive up to one year’s salary in severance, depending on age and years of service. Some workers may be reassigned, while others could face immediate dismissal, Elon told the reporters.

Newly-appointed Treasury Secretary Scott Bessent has stuck by Elon’s side, saying he agrees completely with everything he’s doing and is aligning all his missions at the Treasury with those of D.O.G.E. Ken Griffin, founder of Citadel, also praised Elon’s efforts to curb government waste but took a swipe at Trump’s trade policies.

“He will do what it takes to win,” Griffin said about Elon at the UBS Financial Services Conference in Miami today. “Thank you, from the bottom of my heart, for making sure my tax dollars are spent effectively.”

Elon’s aggressive tactics aren’t surprising. He has a long history of cutting jobs fast without warning, and this guy calls himself an “efficiency freak.” At Tesla, Elon laid off 9% of the workforce in 2018, and in 2023, it was around 22%, with termination emails sent out at 2 in the morning. When he took over Twitter (now X) in 2022, Elon fired 80% of the staff—about 6,000 employees.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Cardano Founder Hails Ripple CEO as Crypto’s Hardest-Working Advocate for the CLARITY Act

26/11/2025

Crypto Market Legislation Could Pass by Year-End, Says Sacks

26/11/2025

India Reviews Crypto Framework to Protect 100M+ Users and Exchanges

26/11/2025

Securities Tokenization Takes Center Stage on December 4

26/11/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

How the Binance wallet drives tokenized stock trading with on-chain access

27/11/2025

Famous Korean CEO Applies Eight Models, Reveals Ethereum’s Fair Value! Is It Expensive or Cheap Now?

27/11/2025

Tokenized Funds Market Cap Could Hit $1.9 Trillion by 2030: Galaxy

27/11/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.