Magacoin is a pro-Trump crypto created to support “MAGA” candidates, but things haven’t quite gone according to plan for supporters. The website connected with the crypto has been hacked, leading to supporters’ personal information being leaked.
Hackivist Attacks Magacoin’s Website
Evidently, the website hosting the crypto and users’ personal information was not as secure as the creators would have hoped. A ‘hacktivist’ was able to successfully attack the website and obtain a host of personal information. Subsequently, the information – including names, addresses, passwords and IP addresses – was leaked to The Guardian.
Leak Shows Magacoin’s Biggest Holders and Lacklustre Sales
The information leaked also highlighted the fact that the vast majority of Magacoins went to the crypto’s founders – Marc Zelinka, a Trump-loving consultant, and a Super PAC associated with him. In response, Zelinka has claimed that he no longer controls Magacoin and that he handed it off to another pro-Trump political activist.
Self-enrichment is often the motive behind creators of new cryptos and this one appears to be no different.
Despite Magacoin’s best marketing efforts with “100 free Magacoins” aimed at radio hosts, media personalities, bloggers and grassroots groups who agree to promote the cryptocurrency, it never really took off in any meaningful sense. On average, holders only had 100 coins compared to the millions held by the founders and bigger bag holders.
It isn’t only amateur operations such as Magacoin that get hacked. Last year, Ledger experienced a massive databreach resulting in thousands of clients’ personal information being leaked. And it isn’t limited to companies, as non-profits such as Anglicare Sydney have similarly experienced it.
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