Sygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump

Magda Wierzycka, one of many richest girls in South Africa and CEO of economic companies firm Sygnia, stated Tesla (NASDAQ:) CEO Elon Musk would probably have been investigated by authorities concerning latest allegations over his manipulation of crypto costs — if his goal had been nearly something apart from .

In an interview with Bruce Whitfield on the Cash Present this week, Wierzycka stated Musk’s latest social media exercise on the worth of Bitcoin (BTC) ought to have made him the topic of investigation by the U.S. Securities and Trade Fee, or SEC, if Bitcoin have been extra of a conventional firm. The SEC beforehand accused the Tesla CEO of fraud for issuing false and deceptive tweets in 2018, and was rumored to be investigating him for his pro-Dogecoin (DOGE) tweets earlier this 12 months.