Dogecoin (DOGE) warns of cryptocurrency scams

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In a recent tweet, the Dogecoin community alerted investors to the existence of several fake dog memes. He made it clear that rivals come and go, but Doge will be the financial evolution of our world.

Cryptocurrency scams abound

Dogecoin’s Twitter account has warned fans of this memcoin of the existence of fakes. Here is the translation of his message:

Over the past nine years, many tokens have come and gone quickly. 1 Dogecoin equals 1 Dogecoin and there is only one Dogecoin which is its blockchain and is not directly linked to the token. Beware of scammers!

Over the past nine years, there have been many tokens that have come and gone quickly. 1 Dogecoin = 1 Dogecoin, and there is only one Dogecoin, which is its blockchain and is not directly linked to any token. Beware of scammers. pic.twitter.com/nHp2lTqmz6

Dogecoin (@dogecoin) July 22, 2022

With the advent of scammers who don’t hesitate to promise gifts to encourage cryptocurrency holdings, there are reasons to be vigilant these days. Some of them even hack unused Twitter accounts to promote this type of scam. Their method of operation is as follows: they ask DOGE holders to send cryptocurrencies to the address indicated on the cryptocurrency scam site in exchange for many rewards.

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Attention, this type of scam is not only aimed at DOGE owners. Investors in BTC, ETH and other cryptocurrencies also fall prey to these scammers.

Dogecoin, very strong against fraud

Dogecoin has come a long way to where it is today. Recall that this dog was created in 2013 on the initiative of Billy Marcus and Jackson Palmer. To say that this joke has delighted many users after 9 years. Even billionaire Elon Musk does not hide his interest in DOGE.

However, the success also inspired several developers. This is the case of the Shitoshi Kusama team that founded the Shiba Inu (SHIB), whose success can no longer be confirmed. However, imitations of DOGE have also emerged, such as DogeMother. Unfortunately, it only made people miserable by freezing its investors’ fortunes.

Dogecoin isn’t the first warning about cryptocurrency scammers. In May 2021, the team posted a similar message:

Warning: Do not send coins to anyone who claims to double, triple or multiply your coins in any other way. This is a fraud. Also, we cannot refund your money. Pay attention and remember: if something sounds too good to be true, it probably is.

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And cryptocurrency scammers will not fail to announce the victims. In 2018 alone, they managed to raise $ 180,000 by linking their fraudulent link to a tweet from Elon Musk.

In short, there is no shortage of aggressive wolves in the world capable of bringing down unsuspecting investors. In addition to being hacked, crypto scams are also ravaging the crypto universe. You’d better stay alert, follow the advice of official reports, and also know who the real saints are they are cursing.

Source: News 18; cryptographic news

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