Dogecoin influencer warns DOGE community about critical scam

A Dogecoin (DOGE) Influencers has raised the alarm about a Fraud attack Targeting members of the DOGE community. The influencer has issued a critical warning about a new fraudulent social media account posing as the Dogecoin Foundation.

Dogecoin identity fraud discovered

On August 17, a DOGE influencer named “Inevitable360” spoke out on X (formerly Twitter) to register a new scam attempt in the Dogecoin community. The influencer proclaimed that a fraudulent account on X Identity change the official X-account of the DOGE Foundation.

The Dogecoin Foundation is a non-profit foundation dedicated to promoting and promoting the technical development and value of DOGE. Due to the foundation’s influence and rising popularity on social media platforms, it has become a target for scammers seeking to exploit the trust and enthusiasm of the foundation’s members. DOGE Community.

According to Inevitable360, the account imitated the foundation’s X-profile and used similar brands and messages to target unsuspecting DOGE investors into potential scams. The Dogecoin influencer also shared a screenshot of the impersonator’s X account, which already has over 69,300 followers.

A crypto member has allegedly that the account first built its follower base and secured verification under a different identity before later renaming itself to pose as the Dogecoin Foundation.

Given the ongoing scam, Inevitable360 has urged the Dogecoin community to report the fake account to prevent investors from falling victim to the fraudulent schemes. This will also help raise awareness in the DOGE community and potentially prevent other potential scam activities.

Meme coin communities face increasing scam attacks

Meme coin communities are facing a alarming increase in fraud attackswhich puts investors and community members at risk. As meme coins like Dogecoin and Shiba Inu (SHIB) As they become more popular, so too does the number of fraudulent schemes targeting their communities.

Dogecoin has witnessed a significant number of scam attacks, ranging from Phishing attacksIdentity fraud and other fraud attempts. On the other hand, Shiba Inu has also targeted community members in various Fraudulent activities targeting SHIB investors.

In a X-Post On August 18, Shiba Inu scam tracker Shibarmy Scam Alerts warned community members about the existence of fraudulent websites and malicious individuals attempting to Fraud SHIB investors. Due to the increasing fraud activities in the meme coin space, Shibarmy Scam Alerts has highlighted ways in which investors can protect themselves from attempted fraud.

The SHIB tracker has stressed the importance of always keeping crypto wallet private keys safe. In addition, investors should always check websites and links before disclosing sensitive information, as scammers often create or impersonate fake websites.

Finally, the Shiba Inu Tracker urged investors to continuously Report suspicious fraud activity immediately to platform administrators and, if necessary, to law enforcement authorities. In addition, investors should remain vigilant and protect their crypto assets from malicious scammers.

Featured image from Adobe Stock, chart from Tradingview.com