Greater than 1,000 folks have to date signed as much as the pro-Trump cryptocurrency magacoin, together with conservative media personalities and Republican figures, the Guardian can reveal.
The information comes after poor safety configuration in a web site related to magacoin uncovered the e-mail addresses, passwords, cryptocurrency pockets addresses and IP addresses of customers who’ve purchased in to what its promoters describe because the “digital foreign money for the MAGA group”.
The information additionally reveals that the lion’s share of the cryptocurrency to date produced has been allotted to the self-described creator of magacoin, a pro-Trump guide who owns an LLC related to the cryptocurrency, and a Tremendous Pac related to the identical guide.
The data, supplied to the Guardian by a self-described hacktivist, unveils the truth across the cryptocurrency whose creators say it’s made “by America First Conservatives out of frustration with ‘Shedding the Election’ and a want to combat again by supporting MAGA candidates”.
The overwhelming majority of these sign-ups have solely 100 magacoins, the quantity provided free in preliminary publicity to early sign-ups who can declare their share of “75 million MAGACOINS”. The web site, echoing widespread rightwing falsehoods in regards to the 2020 election consequence, says it selected that quantity “to signify the 75 million voters who had been disenfranchised on November third, 2020”.
Different customers, nonetheless, have higher holdings, and at the least a few of them could have taken benefit of the cryptocurrency’s Ambassador Program, by which promoters are providing 1,000 free magacoins to authorized radio hosts, media personalities, bloggers and grassroots teams who signal as much as assist promote the foreign money to their viewers.
One account with 1,500 magacoins is related to the e-mail deal with of the rightwing broadcaster John Rush, whose Rush To Reason program airs on Denver’s KXL conservative discuss station.
Rush just lately performed host on his program to Marc Zelinka, whose Littleton, Colorado-based used automotive firm, Carmart Inc, utilized in April for a trademark for magacoin. Zelinka additionally administers the magacoin Fb web page, and is credited in conservative social media and on Rush’s present because the creator of magacoin.
One other electronic mail deal with is related to the Youth Federalist Initiative, a Colorado Republican party-associated effort at youth engagement. The e-mail means that the cryptocurrency is within the possession of Evan Underwood, a Colorado Republican activist, podcaster and chair of the Colorado Federation of School Republicans.
Magacoin has been linked in reporting by the Daily Dot with a North Carolina-based Trumpist political operative, Reilly O’Neal, who’s the principal of a North Carolina LLC, Magacoin Inc, which was registered final April.
In a phone dialog, Zelinka, the self-described creator of the cryptocurrency, mentioned that “I don’t management it any extra”, and that he had handed the cryptocurrency venture fully to O’Neal.
The Guardian has found extra in depth connections between O’Neal and the cryptocurrency.
Final month, a Tremendous Pac referred to as Magacoin Victory Fund was registered with the Federal Election Fee. The Tremendous Pac’s most important mailing deal with is a put up workplace field in Raleigh, North Carolina, which can also be related to a number of different O’Neal-controlled corporations and political entities.
In keeping with North Carolina state data, different corporations headquartered on the PO field and solely managed by O’Neal embrace Rightside Lists LLC and Mustard Seed Media LLC – half proprietor of Large League Politics.
On magacoin’s entrance web page and in promotional emails it declares that “10 Million MAGACOINS have been donated to the MAGACOIN Victory Fund, a SuperPAC created to help MAGA candidates throughout the nation who will combat for particular person rights, non secular liberty, defending the unborn, the 2nd modification, freedom of speech and your entire America First Agenda”.
The data mirror this present, with 10 million magacoins related to an electronic mail hosted on the area of O’Neal’s political consultancy, Tidewater Methods. One other Tidewater electronic mail deal with is related to holdings of simply over 2m magacoins.
One other 2m magacoins are related to Zelinka’s cellphone quantity and an outdated electronic mail deal with of Zelinka’s which alludes to his used automotive dealing.
Beforehand, O’Neal labored on a number of North Carolina and nationwide political campaigns, together with the marketing campaign of the pro-Trump former choose and accused paedophile Roy Moore.
His political consultancy, Tidewater Strategies, obtained giant sums from principally Trumpist Republican candidates within the final election cycle, a lot of whom did not win workplace.
O’Neal additionally reportedly has a stake within the far-right conspiracy-minded web site Large League Politics (BLP) by one other of his corporations, Mustard Seed Media.
That publication’s editor, Patrick Howley, was discredited on the witness stand within the trial of leftwing activists about whom Howley and others fomented conspiracy theories, with the intention to shift blame from James Fields after he murdered Heather Heyer after the Unite the Proper rally in Charlottesville.
BLP just lately ran a major story on magacoin, promising that the cryptocurrency would “create an ecosystem the place pro-Trump people can help pro-Trump companies and candidates with out utilizing a monetary instrument that advantages the globalists”.