Crypto News

Venezuelan President Accuses Elon Musk in New Conspiracy Claims

Venezuelan President Maduro accuses Elon Musk of using satellites to destabilize Venezuela, amid criticisms of Musk's social media platform.
Venezuelan President Accuses Elon Musk in New Conspiracy Claims

Highlights

  • Venezuelan President accuses Elon Musk of destabilizing Venezuela via his technological resources.
  • Musk retorts to Maduro's allegations, labeling him a "clown" on social media.
  • Analysts suggest Maduro's claims could be a diversion from Venezuela's internal crises.

Venezuelan President Nicolas Maduro has claimed that Elon Musk, head of Tesla and SpaceX, is behind the actions undermining the Venezuelan government.

Maduro said that Musk, his wealth, and technologies, mainly satellites, are working against the country.

Advertisement

Venezuelan President’s Claims Against Musk

Venezuelan President Nicolás Maduro has claimed that Elon Musk is behind actions aimed at overthrowing the government of Venezuela. During a speech on television, Maduro stated that Musk and his wealth, especially his satellites, were working against the country.

Maduro spoke to the Venezuelan people and said,

‘We knew you were behind everything, Elon Musk, with your money and satellites. It is the representation of fascist ideology in the world.’

This time, Maduro directly implicated Musk in what he considers as the attempts to overthrow his government.

In his tweets on the X platform, Elon Musk discussed the politics of Venezuela and said, “El burro sabe más que Maduro,” which translates to “The donkey knows more than Maduro,” and also called Maduro a clown.

Advertisement

Elon Musk Responds to Allegations

Earlier, Musk described Maduro as a dictator and slammed his government’s economic management. In one of his posts, Musk wrote, “The people of Venezuela have had enough of this clown,” after the people protested and tore down a statue of Hugo Chávez in Venezuela.

Concurrently, Musk has also made controversial remarks regarding U.S. immigration policies by claiming that the current administration of Biden has been smuggling immigrants into several cities in the US to influence the vote.

Musk has also accused Maduro of election fraud, which only worsened the relations between the two parties. However, the Venezuelan president did not give concrete proofs to substantiate his claims against Musk regardless of the accusations. Therefore, critics have questioned, arguing that Maduro’s allegations could be a ploy to shift focus away from domestic matters.

Amid this, an unofficial review of Linda Yaccarino’s tenure as CEO of Musk’s social media platform, X, has surfaced. Subsequently, as noted by Coingape, the platform was also commended for being transparent, allowing free speech, and giving the audience the opportunity to know their reaction. Still, it was observed that although not all reactions are positive, the unfiltered feedback is the spirit of free speech that Musk supports.

Read Also: US Govt To Sell Entire Bitcoin Holdings, Peter Schiff Predicts

Advertisement
Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Crypto News

Do Kwon Faces Up to 12 Years in Prison Over ‘Colossal’ Role in $40B TerraUSD Collaps

Do Kwon is set for sentencing on December 11, 2025, in Manhattan federal court. Judge…

December 5, 2025
  • Crypto News

ProShares Drops 3x Bitcoin, Ethereum, XRP ETF Plans After SEC Pushback

ProShares has withdrawn its full portfolio of 3x leveraged technology and crypto ETFs. The decision…

December 5, 2025
  • Crypto News

Bitcoin Eyes Fresh Demand as Indiana Advances Bill for Crypto Investments

Indiana is on the brink of becoming one of the most crypto-friendly states in the…

December 5, 2025
  • Crypto News

Crypto Bill Markup Unlikely This Month Amid DeFi, Stablecoin Yield and Conflict Disputes, Expert Says

Momentum behind a landmark Senate crypto bill has weakened as negotiators grapple with three unresolved…

December 5, 2025
  • Bitcoin News

Breaking: U.S. PCE Inflation Rises To 2.8%, Bitcoin Falls

The September U.S. PCE inflation data came in line with expectations, further strengthening the case…

December 5, 2025
  • Crypto News

Michael Saylor Opposes Zcash-Style Privacy for Bitcoin, Citing Shutdown Risk

Zcash co-founder Eli Ben-Sasson has revealed a conversation he had with Strategy's co-founder Michael Saylor,…

December 5, 2025