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25 June 2021

Sygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump

Sygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump


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Magda Wierzycka, one of the richest women in South Africa and CEO of financial services company Sygnia, said Tesla CEO Elon Musk would likely have been investigated by authorities regarding recent allegations over his manipulation of crypto prices — if his target had been almost anything other than Bitcoin.

Though many crypto traders have made gains investing in some of the projects Musk pumps, the allegations over the price manipulation of Bitcoin — with the largest market capitalization of all cryptocurrencies — are particularly concerning for some.

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cointelegraph.com
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