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Roughly 75 million MAGACOIN were created to support pro-Trump candidates in 2022.
The launch of a cryptocurrency developed by Donald Trump supporters last week has been marred by a website data breach.
According to The Guardian, user information including IP addresses, email addresses and passwords were accessed via a poor security configuration on the projectâs website.
The crypto is dubbed MAGACOIN after former President Trumpâs âMake America Great Againâ slogan. The projectâs website claims that MAGACOIN was âcreated by America First Conservatives out of frustration with âLosing the Electionâ (the site has it in quotes) and âa desire to fight back by supporting MAGA candidates in 2022 and beyondâ with profits from the coin.
An unnamed and self-described hacktivist told The Guardian that more than 1,000 people have signed up, including Republican figures and conservative media personalities, with the majority of hodlers having around 100 MAGACOIN.
The projectâs creator, used car salesman Marc Zelinka, reportedly holds 2 million MAGACOIN, along with Reilly OâNeal, a pro-Trump consultant who is now operating the project.
Roughly 75 million MAGACOIN were created to represent the 75 million voters who were supposedly âdisenfranchised on November 3rd, 2020â â the day of the U.S. election results in which Trump lost to Democrat Joe Biden. Trump supporters have since asserted without evidence that the election was rigged and have lost numerous court cases challenging the results.
The project is offering 100 MAGACOIN to anyone that signs up, and the hacktivist has claimed that the majority of users have that amount.
Some of the larger accounts are reportedly the result of marketing campaigns from the project, offering 1,000 MAGACOIN to media personalities, radio hosts, and grassroots groups in exchange for promoting the cryptocurrency.
An account holding 1,500 coins is associated with an email address of John Rush, the host of âRush to Reasonâ on Denverâs KXL conservative talk station, along with a similar amount associated with Colorado Republican activist Evan Underwood, who is also the chair of the Colorado Federation of College Republicans.
Rush reportedly had the creator of the project, Marc Zelinka, on the show in a recent episode however Zelinka told the Guardian that âI donât control it anymoreâ after he handed the reins over to prominent North Carolina-based political operative, Reilly OâNeal.
A super political action community (SuperPAC) is also tied to the project and called âMAGACOIN VICTORY FUNDâ, which has received a 10 million MAGACOIN donation to support âMAGA 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.â
The SuperPACâs mailing address is reportedly located at the same place several other firms and political groups operated by OâNeal.
Related: âItâs fineâ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin
Despite MAGACOIN being a pro-Trump project, it is yet to be seen what the former president thinks of the project as he is known for being anti-crypto. Trump stated last month that âBitcoin, it just seems like a scam [âŠ] I donât like it because it is another currency competing against the dollar.â
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