Musk said that his purchase of $44 billion has been completed TwitterHe won’t move forward until he knows more about the fake accounts.

Twitter reported in its filing this month that just 5% of its daily active users were bots during the quarter.

Musk says that about 20% of Twitter accounts are either fakes or spam, and that he is worried that that number could go higher.

Musk posted early Tuesday morning, “My offer was based upon Twitter’s SEC filings becoming accurate.” “Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal can’t move forward until he proves 5%.

CNBC reached out to Twitter spokesperson but he did not respond immediately.

This news item is currently in breaking news and will soon be updated.