Post by Deleted on Jul 23, 2021 5:18:18 GMT
"More than 1,000 people have so far signed up to the pro-Trump cryptocurrency magacoin, including conservative media personalities and Republican figures, the Guardian can reveal.
The news comes after poor security configuration in a website associated with magacoin exposed the email addresses, passwords, cryptocurrency wallet addresses and IP addresses of users who have bought in to what its promoters describe as the “digital currency for the MAGA community”.
The data also reveals that the lion’s share of the cryptocurrency so far produced has been allocated to the self-described 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 vast majority of those sign-ups have only 100 magacoins, the amount offered free in initial publicity to early sign-ups who can claim their share of “75 million MAGACOINS”. The website, echoing widespread rightwing falsehoods about the 2020 election result, says it chose that number “to represent the 75 million voters who were disenfranchised on November 3rd, 2020”.
Other users, however, have greater holdings, and at least some of them may have taken advantage of the cryptocurrency’s Ambassador Program, in which promoters are offering 1,000 free magacoins to approved radio hosts, media personalities, bloggers and grassroots groups who sign up to help promote the currency to their audience.
One account with 1,500 magacoins is associated with the email address of the rightwing broadcaster John Rush, whose Rush To Reason program airs on Denver’s KXL conservative talk station."
www.theguardian.com/technology/2021/jul/22/magacoin-pro-trump-cryptocurrency-attracts-over-1000-people-to-sign-up
As the saying goes: There's one born (or sucked) in every minute. And the supporters of TFG are ripe for the picking. They may not lose money - if they're just sitting on accounts of worthless "free" coin. But they'll lose something more valuable: data security.
The news comes after poor security configuration in a website associated with magacoin exposed the email addresses, passwords, cryptocurrency wallet addresses and IP addresses of users who have bought in to what its promoters describe as the “digital currency for the MAGA community”.
The data also reveals that the lion’s share of the cryptocurrency so far produced has been allocated to the self-described 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 vast majority of those sign-ups have only 100 magacoins, the amount offered free in initial publicity to early sign-ups who can claim their share of “75 million MAGACOINS”. The website, echoing widespread rightwing falsehoods about the 2020 election result, says it chose that number “to represent the 75 million voters who were disenfranchised on November 3rd, 2020”.
Other users, however, have greater holdings, and at least some of them may have taken advantage of the cryptocurrency’s Ambassador Program, in which promoters are offering 1,000 free magacoins to approved radio hosts, media personalities, bloggers and grassroots groups who sign up to help promote the currency to their audience.
One account with 1,500 magacoins is associated with the email address of the rightwing broadcaster John Rush, whose Rush To Reason program airs on Denver’s KXL conservative talk station."
www.theguardian.com/technology/2021/jul/22/magacoin-pro-trump-cryptocurrency-attracts-over-1000-people-to-sign-up
As the saying goes: There's one born (or sucked) in every minute. And the supporters of TFG are ripe for the picking. They may not lose money - if they're just sitting on accounts of worthless "free" coin. But they'll lose something more valuable: data security.
