Musk, cryptocurrency price manipulation?

[이미지출처=로이터연합뉴스]

[아시아경제 뉴욕=백종민 특파원] Rumors are spreading that Elon Musk, Tesla’s CEO, is being investigated by the US Securities and Exchange Commission (SEC) for fueling the rise in the price of the virtual currency Dogecoin.

According to media outlets specializing in virtual currency on the 25th (local time), tweets citing the remarks of officials that Musk is being investigated by the SEC are spreading.

Media reports that neither the SEC nor Musk officially commented on the report, but explained that Musk’s past actions have led to speculation that the investigation is credible.

Musk recently tweeted about inducing Dogecoin prices to rise. He also revealed that he had bought Dogecoin for his son. Thanks to Musk’s support fire, Dogecoin has soared more than 800% this year.

After Musk expressed his support for bitcoin several times, Tesla also revealed that it was buying $1.5 billion worth of bitcoin.

Musk previously mentioned the possibility of Tesla’s delisting on Twitter, but was investigated by the SEC and was fined $20 million (about 22 billion won).

Meanwhile, the SEC’s rumors on Musk are spreading, and the Dogecoin price is falling by about 8%.

New York = correspondent Baek Jong-min [email protected]