Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

NEW YORK --- Elon Musk is being accused of insider trading in a proposed class action by investors, complaining that the Tesla Inc CEO manipulated the cryptocurrency Dogecoin, costing them billions of dollars. In a Wednesday night (May 30) 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, leadi...Keep on reading: Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

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