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Fortune
Fortune
Christiaan Hetzner

Musk accused of insider trading (again) to rake in $124M from Dogecoin sales

Elon Musk and Dogecoin are an inseparable pair. (Credit: Paul Yeung—Bloomberg/Getty Images)

Elon Musk faces fresh allegations he engaged in illegal insider trading of Dogecoin by manipulating its price for personal gain.

In a third motion to amend their June 2022 lawsuit, plaintiffs accuse the Twitter owner and prolific social media poster of luring in willing buyers in order to unload $124 million worth of the canine-themed crypto into a bull market.

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