More than 1,000 people have so far signed up for the pro-Trump cryptocurrency magacoin, including conservative media figures and Republican figures, the Guardian can reveal.
The news comes after misconfiguration of the security of a website associated with magacoin exposed email addresses, passwords, cryptocurrency wallet addresses and IP addresses of users who have purchased. what its promoters describe as the “digital currency for the MAGA community”.
The data also reveals that the lion’s share of the cryptocurrency produced so far has been attributed to the self-proclaimed creator of magacoin, a pro-Trump consultant who owns an LLC associated with the cryptocurrency, and a Super Pac associated with the same consultant.
The information, provided to the Guardian by a self-proclaimed hacktivist, reveals the reality around the cryptocurrency that the creators say is being made “by America First conservatives because of the frustration of” losing the election. ” and a desire to retaliate by supporting MAGA candidates. ”.
The vast majority of these listings only have 100 Magacoins, the amount offered free of charge in the initial ad to early listings that can claim their share of “75 Million Magacoins”. The website, echoing widespread right-wing lies about the 2020 election results, says it chose that number “to represent the 75 million voters who were denied the right to vote on November 3, 2020” .
Other users, however, have larger holdings, and at least some of them may have taken advantage of the cryptocurrency’s Ambassador program, in which promoters offer 1,000 free magacoins to approved radio hosts, to media figures, bloggers and grassroots groups who sign up to help promote the currency to their audiences.
An account with 1,500 magacoins is associated with the email address of right-wing broadcaster John Rush, whose Rush To Reason program airs on the conservative KXL conversation station in Denver.
Rush recently hosted on his show Marc Zelinka, whose Littleton, Colorado-based used car company Carmart Inc filed a trademark application for magacoin in April. Zelinka also administers the magacoin Facebook page and is credited on conservative social media and on the Rush show as the creator of magacoin.
Another email address is associated with the Youth Federalist Initiative, an effort associated with the Colorado Republican Party for youth engagement. The email suggests the cryptocurrency is in the possession of Evan Underwood, a Colorado Republican activist, podcaster, and president of the Colorado Republican Federation.
Magacoin was connected in Daily Dot reporting with North Carolina-based Trumpist political agent Reilly O’Neal, who is the director of a North Carolina LLC, Magacoin Inc, which was registered last April.
In a telephone conversation, Zelinka, the self-proclaimed creator of the cryptocurrency, said that “I no longer control it”, and that he had fully passed the cryptocurrency project on to O’Neal.
The Guardian has discovered more extensive connections between O’Neal and cryptocurrency.
Last month, a Super Pac called Magacoin Victory Fund was registered with the Federal Election Commission. Super Pac’s primary mailing address is a PO Box in Raleigh, North Carolina, which is also associated with several other companies and political entities controlled by O’Neal.
According to North Carolina state records, other companies headquartered at the PO Box and controlled only by O’Neal include Rightside Lists LLC and Mustard Seed Media LLC – co-owner of Big League Politics.
On the magacoin homepage and in promotional emails, it announces that “10 million MAGACOINS have been donated to the MAGACOIN Victory Fund, a SuperPAC created to support MAGA candidates across the country who will fight for the rights individual, religious freedom, protection of the unborn child, the 2nd amendment, freedom of speech and the whole America First agenda ”.
The records reflect that giveaway, with 10 million magacoins associated with an email hosted on O’Neal’s policy advice domain, Tidewater Strategies. Another Tidewater email address is associated with holdings of just over 2 million magacoins.
Another 2 million magacoins is associated with Zelinka’s phone number and an old Zelinka email address that hints at his used car business.
Previously, O’Neal worked on several North Carolina and national political campaigns, including the campaign of former pro-Trump judge and accused pedophile Roy Moore.
Its political council, Tidal strategies, received large sums of money from mostly Trumpist Republican candidates in the last election cycle, many of whom failed to win the post.
O’Neal is also believed to have a stake in the far-right, conspiratorial-minded Big League Politics (BLP) website through another of his companies, Mustard Seed Media.
The editor of this publication, Patrick Howley, has been discredited on the witness stand in the trial of left-wing activists about whom Howley and others have fomented conspiracy theories, in order to blame James Fields after murdering Heather Heyer after the Unite the Right rally in Charlottesville.
BLP recently published a major article on magacoin, promising that the cryptocurrency “will create an ecosystem where pro-Trump individuals can support pro-Trump companies and candidates without using a financial instrument that benefits globalists.”