Destiny Tech100 Inc, a prominent cryptocurrency and blockchain technology company, experienced a significant pre-market plunge of 6.93% on Monday. This sharp decline can be attributed to the unfolding legal troubles surrounding one of the company's key figures, Roger Ver, and Elon Musk's unexpected withdrawal of support for his potential pardon.

Roger Ver, known as "Bitcoin Jesus" among his followers, is facing extradition from Spain to the United States. He stands accused of evading $48 million in taxes by allegedly hiding $240 million from the sale of Bitcoin in 2017. Ver has claimed that the charges against him are politically motivated due to his advocacy for Bitcoin and cryptocurrency, which challenges traditional financial systems.

In a surprising turn of events, Elon Musk, who had initially expressed interest in exploring a potential pardon for Ver, has now reversed his stance. Musk cited Ver's renounced U.S. citizenship as a critical factor, stating bluntly, "Roger Ver gave up his U.S. citizenship. No pardon for Ver. Membership has its privileges." This development has dealt a significant blow to Ver's hopes for clemency and has likely contributed to the market's negative sentiment towards Destiny Tech100 Inc, given Ver's prominent role within the company.