The famous billionaire Elon Musk was sued by investors for manipulation and “insider trading” on the grounds that he made the Twitter logo Dogecoin (DOGE).
May 31 in Manhattan Federal Court According to the file presented on , a group of DOGE investors, Elon Musk through social and traditional media. open in DOGE somehow market manipulation And insider trading He filed a lawsuit alleging that he did.
According to investors, Musk is the CEO of social media platform Twitter. by replacing the logo with the DOGE logo your presence to gain value and made unfair profits. famous investor This event during 124 million billions of dollars worth DOGE sells expressed.
The application contained the following statements about the case:
This is a securities fraud case resulting from deliberate open market manipulation and insider trading by the world’s richest man, Elon Musk, who exploits a pop culture phenomenon to promote himself and his companies and for his own interests. Musk plunders the hopes of war veterans, blue-collar workers and the elderly.
case judge Alvin Hellerstein not prejudiced and third One change to your request most probably He said he would allow it.
The newly filed lawsuit is added to the class action lawsuit previously filed against Elon Musk. Investors are suing first time last year in June although it has opened twice they changed. famous entrepreneur insider trading claiming that he did change declaration While DOGE US Securities and Exchange Commission (SEC) within the standards of securities aspect have been defined they also claimed.
On the other hand, we passed April Musk’s legal team from the court dismissal of cases he wanted. Musk, the case rejection Twitter a few days after requesting DOGE’s logo in coin price by replacing it with its logo to leap caused.