Revealed: the people who signed up to the Magacoin Trump cryptocurrency

It bills itself as the ‘digital currency for the MAGA community’ but data shows most of the magacoin is allocated to its self-styled creator

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 information, provided to the Guardian by a self-described hacktivist, unveils the reality around the cryptocurrency whose creators say it is made “by America First Conservatives out of frustration with ‘Losing the Election’ and a desire to fight back by supporting MAGA candidates”.

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.

Rush recently played host on his program to Marc Zelinka, whose Littleton, Colorado-based used car company, Carmart Inc, applied in April for a trademark for magacoin. Zelinka also administers the magacoin Facebook page, and is credited in conservative social media and on Rush’s show as the creator of magacoin.

Another email address is associated with the Youth Federalist Initiative, a Colorado Republican party-associated effort at youth engagement. The email suggests that the cryptocurrency is in the possession of Evan Underwood, a Colorado Republican activist, podcaster and chair of the Colorado Federation of College Republicans.

Magacoin has been connected in reporting by the Daily Dot with a North Carolina-based Trumpist political operative, Reilly O’Neal, who is the principal of a North Carolina LLC, Magacoin Inc, which was registered last April.

In a telephone conversation, Zelinka, the self-described creator of the cryptocurrency, said that “I don’t control it any more”, and that he had passed the cryptocurrency project entirely to O’Neal.

The Guardian has discovered more extensive connections between O’Neal and the cryptocurrency.

Last month, a Super Pac called Magacoin Victory Fund was registered with the Federal Election Commission. The Super Pac’s main mailing address is a post office box in Raleigh, North Carolina, which is also associated with several other O’Neal-controlled companies and political entities.

According to North Carolina state records, other companies headquartered at the PO box and solely controlled by O’Neal include Rightside Lists LLC and Mustard Seed Media LLC – part owner of Big League Politics.

On magacoin’s front page 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 individual rights, religious liberty, protecting the unborn, the 2nd amendment, freedom of speech and the entire America First Agenda”.

The records reflect this gift, with 10 million magacoins associated with an email hosted at the domain of O’Neal’s political consultancy, Tidewater Strategies. Another Tidewater email address is associated with holdings of just over 2m magacoins.

Another 2m magacoins are associated with Zelinka’s phone number and an old email address of Zelinka’s which alludes to his used car dealing.

Previously, O’Neal worked on several North Carolina and national political campaigns, including the campaign of the pro-Trump former judge and accused paedophile Roy Moore.

His political consultancy, Tidewater Strategies, received large sums from mostly Trumpist Republican candidates in the last election cycle, many of whom failed to win office.

O’Neal also reportedly has a stake in the far-right conspiracy-minded website Big League Politics (BLP) through another of his companies, Mustard Seed Media.

That publication’s editor, Patrick Howley, was discredited on the witness stand in the trial of leftwing activists about whom Howley and others fomented conspiracy theories, in order to shift blame from James Fields after he murdered Heather Heyer after the Unite the Right rally in Charlottesville.

BLP recently ran a major story on magacoin, promising that the cryptocurrency would “create an ecosystem where pro-Trump individuals can support pro-Trump businesses and candidates without using a financial instrument that benefits the globalists”.


Jason Wilson

The GuardianTramp

Related Content

Article image
SEC charges celebrities including Lindsay Lohan over cryptocurrency endorsements
Jake Paul and Ne-Yo among stars accused in case as most agree to pay settlement without admission or denial

Maya Yang

23, Mar, 2023 @1:48 AM

Article image
Environmentalists sound alarm at US politicians’ embrace of cryptocurrency
Bitcoin and similar blockchain-based currencies require huge amounts of power, predominantly generated from fossil fuels

Katharine Gammon

18, Nov, 2021 @7:00 AM

Article image
Ripple: cryptocurrency enjoys end-of-year surge – but will it endure?
Ripple, also known as XRP, peaks at more than $100bn and surpasses Ethereum to become second most valuable cryptocurrency after bitcoin

Edward Helmore in New York

31, Dec, 2017 @7:35 PM

Article image
Trump travel ban: new order targeting six Muslim-majority countries signed
Iraq dropped from list of affected countries with Syrian refugees no longer facing indefinite ban – but 120-day suspension of refugee program to stand

Sabrina Siddiqui and Lauren Gambino in Washington and Oliver Laughland in New York

06, Mar, 2017 @9:49 PM

Article image
Donald Trump Jr signed Stormy Daniels check, Michael Cohen tells Congress
Allegation from Trump’s former fixer could put president’s eldest son in legal peril

Jon Swaine in New York

27, Feb, 2019 @5:12 PM

Article image
Secret Republican blueprint for stopping Donald Trump revealed
Lured to an underground parking garage in Arlington, Virginia, by the promise of a solid-gold scoop, Thomas Batten was given a copy of the top-secret GOP plan to boot Trump out of the Republican race ... forever

Thomas Batten

19, Mar, 2016 @11:30 AM

Article image
Trump signed statement alleging voter fraud knowing it was false, judge says
Document was part of lawsuit challenging results of 2020 election in Georgia

Maya Yang

20, Oct, 2022 @12:00 AM

Article image
Cryptocurrency: New York launches inquiry, saying people lack 'basic facts'
Attorney general says inquiry into practices of platforms for trading Bitcoin and other currencies is an effort to protect consumers

Edward Helmore in New York

17, Apr, 2018 @6:56 PM

Article image
Coronavirus US live: Trump says he's signed order restricting immigration - as it happened
Despite protests, new poll shows 61% of Americans overwhelmingly support measures to limit the spread of coronavirus

Maanvi Singh in San Francisco (now) and Bryan Armen Graham in New York, Joan E Greve in Washington and Joanna Walters in New York (earlier)

23, Apr, 2020 @2:08 AM

Article image
'Preserve rule of law': Obama's inauguration letter to Trump revealed
Former president left letter for Trump in which he urged his successor to uphold the rule of law and separation of powers

Paul Owen in New York

04, Sep, 2017 @7:25 AM