Billionaire name Elon Musk is facing insider trading charges for his moves towards cryptocurrencies.
Elon Musk is in trouble with the crypto industry! The billionaire name attracted attention especially with his crypto shares on Twitter. Musk, who shared and talked about Dogeceoin for a while, had a share in the rise of DOGE price. Musk even admitted that he bought DOGE for his son.
After all these processes, Musk, who was on trial for manipulating over DOGE, has now come to the fore with the accusation of insider trading over general crypto.
Is Elon Musk a Crypto Manipulator?
Elon Musk is on the radar of crypto investors. Many crypto investors suspect that Musk is trading crypto with his manipulations.
Recently, Twitter’s use of the Dogecoin figure on the platform shocked the crypto community. While everyone was waiting for a Twitter and DOGE relationship, it turned out to be something simple and was removed a week later. All of this was enough to anger DOGE investors.
A group of DOGE investors reported that Musk was trading insider information, especially in the Twitter event. Investors filed a lawsuit against Musk in Manhattan federal court.
In addition, Musk has been sued by a group of investors before. The lawsuit filed by these investors was also related to DOGE. However, the accusations today are generally that Musk acted with insider knowledge in crypto trading. In the filing, it is stated that Musk deliberately shared crypto shares and earned millions of dollars with these shares.
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