Anonymous Issues Threat to Elon Musk Over Bitcoin Value Manipulation
Hacktivist group sends warning for 'disregard for the average working person'
International hacking group Anonymous has issued a threat to billionaire Elon Musk for manipulating the value of Bitcoin with his social media posts.
Musk, the world's richest man, is accused of encouraging people to invest money in cryptocurrencies, which he promotes on Twitter, only to later make negatives statements about the digital assets, causing their values to plummet.
The Tesla and SpaceX CEO has been facing an intense backlash for mocking people who follow his advice as many have claimed they "lost everything" on the investments.
Anonymous has now released a video in response, in which the group claims that Musk wields too much power over the cryptocurrency markets and the hackers are tired cavalier attitude and "disregard for the average working person."
On Thursday, Musk issued a cryptic tweet that many in the world of digital assets interpreted as a sign he was dumping Bitcoin.
The tweet included the Bitcoin logo and a broken-heart emoji and sent Bitcoin plunging 7% during trading on Friday.
Anonymous was forthright in its frustration with Musk.
"Millions of retail investors were really counting on their crypto gains to improve their lives," the video message says.
"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.
"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.
"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."
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Anonymous message to Elon Musk<br><br> <a href="https://t.co/6KFOWbs5gF">pic.twitter.com/6KFOWbs5gF</a></p>— Luke Rudkowski (@Lukewearechange) <a href="https://twitter.com/Lukewearechange/status/1401281724609449985?ref_src=twsrc%5Etfw">June 5, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
They warned the Tesla CEO saying “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.”
Anonymous was responsible for some of the world’s largest cyber attacks.
The group is understood to have carried out some of the largest digital breaches that impacted PayPal and the Church of Scientology, among others.
“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 live in a world with electric cars and space exploration,” the group said in the video.
“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 added, according to the Daily Mail.
In the video, the group also accused Musk of not committing to what he preaches when it comes to Tesla’s practices in environmental advocacy.
“It is also obvious to the young children working in your overseas lithium mines which are destroying the local environment as well,” the group said.
"You have been open about your willingness to stage coups in order to install dictators in places where your toxic products are being mined."
Anonymous also criticized Musk for branding himself as the “Emperor of Mars” and that he is harming the working class by “constantly trolling” the crypto markets, according to TMZ.
“You have even prematurely crowned yourself 'Emperor of Mars,' a place where you will be sending people to die,” they said.
The group’s threats received some reactions on social media as one Twitter user said that Tesla stock will not be good tomorrow.
Anonymous also suggested that Tesla's $1.5 billion investment in Bitcoin may have been funded by taxpayer-funded government subsidies.