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Pro-Trump MAGACOIN crypto launch marred by website data breach



The launch of a cryptocurrency developed by Donald Trump supporters final week has been marred by a website data breach.

In keeping with The Guardian, person info together with IP addresses, e-mail addresses and passwords had been accessed through a poor safety configuration on the undertaking’s website.

The crypto is dubbed MAGACOIN after former President Trump’s “Make America Great Again” slogan. The undertaking’s website claims that MAGACOIN was “created by America First Conservatives out of frustration with “Losing the Election” (the location has it in quotes) and “a desire to fight back by supporting MAGA candidates in 2022 and beyond” with income from the coin.

An unnamed and self-described hacktivist informed The Guardian that greater than 1,000 folks have signed up, together with Republican figures and conservative media personalities, with nearly all of hodlers having round 100 MAGACOIN.

The undertaking’s creator, used automotive salesman Marc Zelinka, reportedly holds 2 million MAGACOIN, together with Reilly O’Neal, a pro-Trump guide who’s now working the undertaking.

Roughly 75 million MAGACOIN had been created to signify the 75 million voters who had been supposedly “disenfranchised on November 3rd, 2020” — the day of the U.S. election outcomes wherein Trump misplaced to Democrat Joe Biden. Trump supporters have since asserted with out proof that the election was rigged and have misplaced quite a few courtroom instances difficult the outcomes.

The undertaking is providing 100 MAGACOIN to anybody that indicators up, and the hacktivist has claimed that almost all of customers have that quantity.

Among the bigger accounts are reportedly the results of advertising and marketing campaigns from the undertaking, providing 1,000 MAGACOIN to media personalities, radio hosts, and grassroots teams in change for selling the cryptocurrency.

An account holding 1,500 cash is related to an e-mail handle of John Rush, the host of “Rush to Reason” on Denver’s KXL conservative speak station, together with an analogous quantity related to Colorado Republican activist Evan Underwood, who can be the chair of the Colorado Federation of Faculty Republicans.

Rush reportedly had the creator of the undertaking, Marc Zelinka, on the present in a current episode nevertheless Zelinka informed the Guardian that “I don’t control it anymore” after he handed the reins over to distinguished North Carolina-based political operative, Reilly O’Neal.

An excellent political motion group (SuperPAC) can be tied to the undertaking and known as “MAGACOIN VICTORY FUND”, which has obtained a ten million MAGACOIN donation to assist “MAGA candidates across the country who will fight for individual rights, religious liberty, protecting the unborn, the 2nd amendment, freedom of speech and the entire America First Agenda.”

The SuperPAC’s mailing handle is reportedly situated on the identical place a number of different companies and political teams operated by O’Neal.

Associated: ‘It’s superb’ to purchase Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin

Regardless of MAGACOIN being a pro-Trump undertaking, it’s but to be seen what the previous president thinks of the undertaking as he’s recognized for being anti-crypto. Trump said final month that “Bitcoin, it just seems like a scam […] I don’t like it because it is another currency competing against the dollar.”

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