Dogecoin (DOGE) Influencer Warns Community of Fake Foundation Account Gaining Thousands of Followers

A Dogecoin (DOGE) influencer has issued an alert about a scam targeting DOGE investors. A fraudulent social media account is impersonating the official Dogecoin Foundation

A Dogecoin (DOGE) influencer has raised the alarm over a scam targeting DOGE investors, with a fraudulent social media account posing as the official Dogecoin Foundation, putting the community at risk.

The fake account on X is imitating the branding and messaging of the official DOGE Foundation account, posing a significant threat to unsuspecting users. The fraudulent account has managed to amass over 69,300 followers.

According to a crypto member, the account initially gained followers and verification under a different name before rebranding to impersonate the Dogecoin Foundation.

In a related development, scams are also affecting other meme coin communities, such as Shiba Inu (SHIB). As these coins gain followers, scammers are exploiting their communities.

On August 18, a Shiba Inu scam tracker, Shibarmy Scam Alerts, warned SHIB investors about fraudulent websites and malicious actors. The tracker highlighted the importance of protecting private keys and verifying websites before sharing any information.

The Shiba Inu tracker also encourages community members to report any suspicious activities. In some cases, involving law enforcement may be necessary to stop the scams.

Amid the scam warnings, Dogecoin (DOGE) price experienced a rise, emphasizing the need for community vigilance. Reporting fraudulent accounts and staying informed are crucial to protecting against scams in the cryptocurrency space.

The activity in the DOGE and SHIB communities underscores the importance of caution. The SHIB tracker advises investors to safeguard their private keys and consistently verify websites and links before sharing sensitive information, as scammers often create convincing fake sites.

Investors are also urged to report suspicious activities promptly to platform administrators and, if necessary, to law enforcement. Maintaining vigilance is essential to protecting crypto assets from malicious scammers.

At the time of writing, Dogecoin (DOGE) is trading at $0.1046, reflecting a 4.23% increase over the last 24 hours. The market cap stands at approximately $15.23 billion, marking a 4.28% rise. Trading volume in the past 24 hours surged by 51.02%, reaching $598.54 million. The circulating supply is currently 145,607,006,384 DOGE, with a fully diluted market cap of $15.22 billion. The chart shows a gradual upward trend, with the price reaching a peak of $0.105 in the last few hours.

The above is the detailed content of Dogecoin (DOGE) Influencer Warns Community of Fake Foundation Account Gaining Thousands of Followers. For more information, please follow other related articles on the PHP Chinese website!