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The launch of a cryptocurrency developed by supporters of Donald Trump last week was marred by a data breach on a website.
According to The Guardian, user information including IP addresses, email addresses and passwords were accessed through a misconfiguration of security on the project website.
The crypto is nicknamed MAGACOIN after the slogan of former president Trumps Make America Great Again. The project’s website claims MAGACOIN was created by America First conservatives out of frustration at losing the election (the site has it in quotes) and out of a desire to fight back by supporting MAGA candidates in 2022 and beyond. with the benefits of the play.
An anonymous, self-proclaimed hacktivist told The Guardian that more than 1,000 people have signed up, including Republican figures and conservative media figures, with the majority of hodlers having around 100 MAGACOIN.
The creator of the project, used car salesman Marc Zelinka, is said to own 2 million MAGACOIN, as well as Reilly ONeal, a pro-Trump consultant who now manages the project.
About 75 million MAGACOIN were created to represent the 75 million voters who were said to have been disenfranchised on November 3, 2020, the day of the U.S. election results in which Trump lost to Democrat Joe Biden. Trump supporters have since claimed without evidence that the election was rigged and have lost numerous lawsuits challenging the results.
The project offers 100 MAGACOIN to anyone who signs up, and the hacktivist claimed that the majority of users have that amount.
Some of the bigger accounts are said to be the result of the project’s marketing campaigns, offering 1,000 MAGACOINs to media figures, radio hosts and grassroots groups in return for promoting the cryptocurrency.
An account containing 1,500 coins is associated with an email address of John Rush, host of Rush to Reason on the conservative Denvers KXL chat station, as well as a similar amount associated with Colorado Republican activist Evan Underwood , who is also the president of the Colorado Federation. of College Republicans.
Rush reportedly had the project’s creator, Marc Zelinka, on the show in a recent episode, but Zelinka told The Guardian that I was no longer in control of him after handing over the reins to prominent North Carolina-based political agent Reilly. ONeal.
A super political action community (SuperPAC) is also linked to the project and called MAGACOIN VICTORY FUND, which received a 10 million donation from MAGACOIN to support MAGA candidates across the country who will fight for individual rights, freedom protection, protection of the unborn child, the 2nd amendment, freedom of speech and the entire America First agenda.
The SuperPAC mailing address would be located at the same location as several other businesses and political groups operated by ONeal.
Related: It’s Okay To Buy Bitcoin As A Gold Substitute, Says Trump’s Former Treasury Secretary Mnuchin
While MAGACOIN is a pro-Trump project, it remains to be seen what the former president thinks of the project as he is known to be anti-crypto. Trump said last month that Bitcoin looks like a scam [] I don’t like it because it’s another currency that competes with the dollar.
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