The social media company was accused of committing fraud and security violations by its former head of cybersecurity.
Parag Agrawal is the CEO of the social networking site.
The Washington Post reported last month that Peiter Zatko, a well-known hacker known as "Mudge", filed a complaint with the Department of Justice, the Securities and Exchange Commission and the Federal Trade Commission.
According to the complaint published by the Post, Zatko is represented by a legal group called Whistleblower Aid.
Zatko accused Musk of trying to walk away from his $44 billion purchase of the company due to the undercount of fake accounts on its platform.
Zatko said that he refused to present false and misleading documents to the company's board because he didn't want them to be seen as deceptive.
Zatko claims that the company hired an agent of the Indian government to give a foreign government access to user data.
According to a note to employees obtained by CNN, the allegations were a false narrative filled with inconsistencies and inaccuracies.
4%. That is the amount of stock that is down on Tuesday.
Alex Spiro, one of Musk's lawyers, told the New York Times that Zatko was fired because of his subpoena.
The Washington Post reported that a former security chief claimed that the social networking site buried "egregious deficiencies".
The ex-Twitter executive is accusing the company of reckless and negligent cyber policies.
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