The official MyDoge account on X (formerly Twitter) has been hacked. However, the team assures about the security of the mobile app and the integrity of wallets. Is there anything to worry about?
Popular Dogecoin wallet falls victim to hackers
Although the well-known Dogecoin cryptocurrency is only the butt of jokes for many, the situation is certainly not funny. Hacks are an increasingly common problem in the cryptocurrency industry, which, although innovative and promising, is still full of dangerous nooks and crannies. In the article on two-step verification, I showed effective ways to maximally secure your account and protect yourself from the consequences of hacker attacks. It’s a pity that the guide did not reach the MyDoge team in time.
The MyDoge incident immediately ignited a large part of the cryptocurrency community. Dogecoin is a popular asset held by a large number of investors. Potential wallet issues could pose a serious threat to the security of funds counted in the tens of millions. The matter was first reported by Mishaboar, a prominent supporter of the Dogecoin cryptocurrency. According to him, the hackers’ goal in posting a fake website on the MyDoge profile on X (formerly Twitter) was to steal assets from the wallets of users operating on the Ethereum network. The message immediately encouraged users to be extra vigilant and avoid interactions across the entire spectrum of the Dogecoin ecosystem.
Not just the main account. The victims were CEOs and CTOs
The aforementioned hack, as it turns out, did not only target the main MyDoge account on the platform managed by billionaire Elon Musk. The privacy breach also affected a number of accounts associated with the largest Dogecoin network wallet, including the accounts of the CEO, CTO, and several other people from the “key staff”. Shortly after the hack, the CTO addressed the community, trying to calm the mood. He assured that the MyDoge mobile app and wallets remain fully secure and are not at risk of hacking. The content of the message did not calm users, however, as the network recorded significant transfers of the DOGE cryptocurrency to centralized platforms such as Coinbase and Robinhood. It is sad that such an event affects the community gathered around memcoin, coinciding with the 10th anniversary of the cryptocurrency’s creation.
