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Crypto Basics

What is Anonymous and Anonymous's Activities on Cryptocurrency

By Cornell Rachel
May 11, 2023
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In this article, you will learn what is Anonymous. Anonymous is well known as a hacktivist group acting many collaborative hacking activities. If you are interested in hacking and cryptocurrency news, this is about what is Anonymous and Anonymous' activities on cryptocurrency.

What is Anonymous?

Anonymous is a decentralized international activist and hacktivist collective and movement primarily known for its various cyberattacks against several governments, government institutions and government agencies, corporations and the Church of Scientology.

Anonymous says it promotes access to information, free speech, and transparency, and also supports various anti corruption and antiauthoritarian movements.

How does the group operate?

The group is generally perceived as anarchic, with no controlling leadership. Basically, individual members make their own decisions and relay their protest ideas and activities to one another via social media. If those ideas and activities gather enough support in that community, a is made, dates and virtual “meeting times” are set, and participants proceed to launch a campaign to accomplish whatever goal they’ve set out to achieve.

Members of Anonymous say it's easy to join the group. Just hide your identity while conducting your online activities and you're in. Because of the complex, informal and, of course, anonymous nature of the group, it's not really possible to establish an accurate demographic on its membership.

Anonymous's Activities on Cryptocurrency

Since the group for freedom of speech and anti corruption, they also appeared in the crypto world which is the most popular buzzword these days.

Target Elon Musk

An individual claiming to represent the Anonymous hacking collective has accused billionaire Tesla owner Elon Musk of having liquidated dreams and “destroyed lives” with his tweets about cryptocurrencies.

With just a few words, memes, emojis and likes, the world's third-richest person has sent the value of cryptocurrencies both diving and soaring in recent months – notably with his jocular backing of dogecoin, followed more recently by sobering claims of concerns' over bit environmental impact.

Anon Inu Token

The group highlighted the organization's own crypto token, Anon Inu. According to Anonymous, the new token is a response to Elon Musk's influence on the crypto markets and to China for releasing its own digital currency after banning Bitcoin mining in the country.

Anon Inu token holders will regularly be airdropped free tokens, NFTs, and other prizes.

The team will also be donating a portion of their earnings to animal shelters that help dogs. Token holders will also receive a free Anon Inu profile-pic NFT.

Collapse of LUNA

Recently, the group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes.

The group also pledged to “make sure” Do Kwon is “brought to justice as soon as possible” in regard to the collapse of the Terra ecosystem back in May, which erased more than USD 40bn in value from the crypto market.

The downfall of Terra, which sent shock waves across the entire industry and exacerbated the crypto crash, delivered huge losses to investors, some of which reportedly put all their life savings into what was touted as the currency of decentralized finance (DeFi).

Bottom Line

Since Anonymous has entered the crypto world, you are likely to see actions like these more often. This article is about what is Anonymous.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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