Investors Accuse Elon Musk of Dogecoin Insider Trading in $258 Billion Lawsuit

Elon Musk is facing a proposed class action lawsuit accusing him of insider trading and manipulating the price of Dogecoin. Investors claim that Musk used his influence on Twitter, TV appearances, and paid online influencers to trade profitably at the expense of other investors. The lawsuit alleges that Musk intentionally drove the price of Dogecoin up by over 36,000 percent over several years, and then let it crash. Musk's lawyers have previously called the lawsuit a "fanciful work of fiction."