Investors Accuse Musk of Market Manipulation and Insider Trading of Dogecoin
In an amending court filing, a group of DOGE investors has accused Elon Musk of engaging in manipulative practices to influence the price of the cryptocurrency, including leveraging his social media presence and public appearances. The complaint also alleges that Musk profited from insider trading of DOGE and caused the price to spike 30%. Musk has sought to dismiss the lawsuit, claiming that there is nothing unlawful about his actions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Investors Accuse Musk of Market Manipulation and Insider Trading of Dogecoin
In an amending court filing, a group of DOGE investors has accused Elon Musk of engaging in manipulative practices to influence the price of the cryptocurrency, including leveraging his social media presence and public appearances. The complaint also alleges that Musk profited from insider trading of DOGE and caused the price to spike 30%. Musk has sought to dismiss the lawsuit, claiming that there is nothing unlawful about his actions.