- Over 1,000 Republican leaders and conservative media personalities have already signed up for the pro-Trump cryptocurrency called magacoin.
- Poor security on a website associated with the cryptocurrency has exposed users’ personal information, including passwords and IP addresses.
- The self-described “hacktivist” revealed an offer of 1,000 free magacoins to certain media personalities who would agree to promote the cryptocurrency.
Travis Gettys from Rawstory writes:
“More than 1,000 people — including Republican leaders and conservative media personalities — have already signed up for the pro-Donald Trump cryptocurrency magacoin.
Poor security on a website associated with the cryptocurrency exposed users’ personal information, including passwords and IP addresses, and revealed that the vast majority of the magacoin produced has gone to its self-described creator Marc Zelinka, a Trump-loving consultant, and a Super PAC associated with him, reported The Guardian.
A self-described hacktivist shared the website’s data with the newspaper, showing that most users have only 100 magacoins, but at least some of them have taken advantage of an offer of 1,000 free magacoins to certain radio hosts, media personalities, bloggers and grassroots groups who agree to promote the cryptocurrency.
Right-wing talk radio host John Rush holds 1,500 magacoins, according to the leaked data, and hosted Zelinka, whose Colorado-based used car company Carmart Inc. applied for a trademark for the currency and administers a Facebook page for it.
Zelinka, however, insists he no longer controls magacoin and had handed off the cryptocurrency project to pro-Trump political operative Reilly O’Neal, who appears to control Super PACs funded in part by the cryptocurrency intended to support “MAGA candidates” around the country…”
See full story here.