Anonymous warns Elon Musk against controlling crypto, says he 'mocks' investors with memes
Hacktivist group Anonymous threatened Tesla CEO Elon Musk as his tweets continue to affect the cryptocurrency market and hit the working class
Anonymous, an international hacking collective, released a video targetting Elon Musk for causing the price of cryptocurrencies to plummet as a result of his comments, the most recent victim being Bitcoin. In the video, Anonymous claims that Musk wields far too much power over the cryptocurrency markets.
Recently, the Tesla CEO's 'SNL' appearance in May turned out to be a bummer for many as Dogecoin dipped quickly. The same month, Tesla suspended the use of bitcoins to buy its electric vehicles as Musk raised concerns over 'the use of fossil fuels' to mine and transact in Bitcoins.
Musk wrote a cryptic tweet on Thursday, June 3, that many in the digital asset sector mistook for the billionaire's split with Bitcoin. The Bitcoin logo and a broken-heart emoji were included in the message, which caused Bitcoin to fall by as much as 7 per cent during Friday's trade, June 4.
Can Anonymous harm Elon Musk?
In their video, Anonymous was forthright in expressing their frustration with Musk. "For the past several years you have enjoyed one of the most favorable reputations of anyone in the billionaire class because you have tapped into the desire that many of us have to life in a world with electric cars and space exploration, but recently your carefully created public image is being exposed and people are beginning to see you as nothing more than another narcissistic rich dude who is desperate for attention," they said.
"Millions of retail investors were really counting on their crypto gains to improve their lives. This is something that you will never understand because you were born into the stolen wealth of a South African apartheid emerald mine and have no clue what struggle is like for most of the working people in the world," they said.
"Of course, they took the risk upon themselves when they invested, and everyone knows to be prepared for volatility in crypto, but your Tweets this week show a clear disregard for the average working person," they continued. "As hardworking people have their dreams liquidated over your public temper tantrums, you continue to mock them with memes from one of your million dollar mansions."
Musk has long been a proponent of cryptocurrencies, but he has been a vocal critic of Bitcoin since Tesla halted plans to accept it as payment for automobiles due to concerns over its energy use. Powerful computers 'mine' new Bitcoins by solving hard mathematical problems, raising concerns about the amount of energy consumed by those machines. "You may think you are the smartest person in the room, but now you have met your match. We are Anonymous! We are legion. Expect us," the message concluded.