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Elon Musk sued over Dogecoin


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Investors claim Tesla chief used Twitter, paid influencers and his TV appearance to manipulate price of cryptocurrency

In a Wednesday night filing in Manhattan federal court, investors said Musk used Twitter posts, paid online influencers, his 2021 appearance on NBC's "Saturday Night Live" and other "publicity stunts" to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls.

Investors said this included when Musk sold about $124 million of Dogecoin in April after he replaced Twitter's blue bird logo with Dogecoin's Shiba Inu dog logo, leading to a 30% jump in Dogecoin's price.

Investors have accused Musk of deliberately driving up Dogecoin’s price more than 36,000% over two years and then letting it crash.source
 

 

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Reginald
46 minutes ago, Teletubby said:

Musk sold about $124 million of Dogecoin in April after he replaced Twitter's blue bird logo with Dogecoin's Shiba Inu dog logo, leading to a 30% jump in Dogecoin's price.

This is blatant market manipulation :icant: The audacity of this man 

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