The entrepreneur is accused of “promoting” manipulative Dogecoin trading strategies as it increased the value of the cryptocurrency by 36,000%. After that, according to the indictment, Musk allegedly caused a collapse in assets, thereby ensuring the profitability of trading through several interconnected Dogecoin wallets personally owned by him and Tesla.
Musk is also accused of receiving $124 million by changing the Twitter logo from a bird to a symbol depicting the Shiba Inu dog, the symbol of Dogecoin.
Source: Ferra
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