Dogecoin investors file lawsuit accusing Elon Musk of insider trading

Elon Musk is facing a proposed class action lawsuit by investors who accuse him of insider trading and manipulating the cryptocurrency Dogecoin, costing them billions of dollars. The investors claim that Musk used Twitter posts, paid online influencers, and other publicity stunts to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls. They allege that Musk's deliberate course of carnival barking, market manipulation, and insider trading enabled him to defraud investors and promote himself and his companies. The US district judge has said he would "likely" allow the third amended complaint.