Elon Musk cautions that without false account proof, the Twitter transaction will be stuck.

Elon Musk has suggested that a disagreement over the number of phoney accounts on Twitter could jeopardize his $44 billion proposal to buy the social media network.

Mr Musk stated on Twitter that the purchase “cannot proceed forward” unless Twitter proves that less than 5% of accounts are false or spam.

The CEO of Twitter has rebutted suggestions that the figure is inflated.

Analysts have theorized that Mr Musk is attempting to renegotiate the deal’s price or walk away.

Mr Musk stated on Monday that he may seek a cheaper price for Twitter.

He and the board of Twitter agreed to buy the company for $44 billion (£34.5 billion).

Mr Musk tweeted on Tuesday that his bid for the company was based on Twitter’s “accurate” statements to regulators regarding phoney accounts.

Mr Musk claimed that Twitter CEO Parag Agrawal had “publicly refused to present proof” that less than 5% of the company’s accounts were bogus, and that the agreement “cannot move forward” until Mr Agrawal provides proof.

The tweet from Mr Musk then appeared to be deleted.

The billionaire, who also owns Tesla, estimates that 20 percent or more of the accounts are bogus.