- Developer Mishaboar urges Dogecoin holders to back up their funds by December 31, 2024, after the shutdown of Dogechain.info.
- Scammers are targeting Dogecoin users with phishing attempts, including fraudulent domains like Dogechain.com, exploiting the platform’s closure.
Mishaboar, a well-known developer in the Dogecoin community, has issued an important warning to Dogecoin holders: protect your funds before it’s too late. The alert follows the shutdown of Dogechain.info, a popular platform for Dogecoin wallets, which went bankrupt and stopped operations in July 2024.
Dogechain.info has been a reliable platform for over ten years, helping users store their wallets and manage private keys. Now that the platform is no longer running, users must act fast to retrieve their private keys and secure their funds. The last day to download wallet backups is December 31, 2024. After that, access to Dogecoin stored on Dogechain.info will be lost.
The developer said those who are having problems with 2FA codes should reach out to the support team at Dogechain.info by using the official contact email therein. Even before this statement, however, scammers have already begun to take advantage of the shutdown to add to the confusion.
Cybercriminals Target Dogecoin Holders with Phishing Scams
As the Dogechain.info shutdown continues, cybercriminals have already begun taking advantage of the situation by targeting users with phishing scams. One of these most dangerous scams involved the domain Dogechain.com, which has been used in an attempt to fool unsuspecting users of Dogecoin. The domain has been linked to phishing attempts that could possibly compromise the security of the users’ private keys.
As the developer has suggested, users would have to be more observant. “Double-check the URL and avoid clicking on suspicious links,” he warned. This simple step could help save the DOGE community from falling prey to cybercriminals. Unfortunately, these kinds of scams are common during major platform closures, and users must remain alert to protect their digital assets.
To spread the message even further, one community member replied to the developer’s post, reiterating that a need-to-reach audience is as many as possible. “Please share this message widely,” said the user; adding translations of the post into various languages can ensure broader awareness across the global Dogecoin community.
Dogecoin Dev: Don’t Gamble What You Can’t Lose
The situation with Dogechain.info is pressing, but Mishaboar has also raised concerns about the wider dangers in the cryptocurrency world. In a June 2024 post on X, Mishaboar discussed how unpredictable crypto markets can be and warned investors not to take on too much risk.
Cryptocurrencies like Dogecoin are highly volatile in nature. Mishaboar pointed out that many people new to crypto often ignore or don’t fully understand these risks.
“This is a simple message, often repeated, and like many simple messages, easily forgotten,” Mishaboar stated
Mishaboar also cautioned against the psychological toll that excessive crypto investments can take. If an investor is losing sleep over their digital assets, it’s a clear sign they’ve invested too much. Cryptocurrencies aren’t just financial investments; they also impact your peace of mind. Stress from unstable markets can affect more than just your wallet.