The world’s largest meme token of Dogecoin The official Twitter account has warned users of a recent increase in scams on social media platforms.
Scammers pretend to be a tech support service for those who are experiencing “difficulties, complaints or problems” with meme coin.
After contacting the fake account, users are tricked into setting up a fraudulent wallet that asks them to enter seed phrases to fix their technical issues.
We have been made aware of a new scam attempt with accounts pretending to be #dogecoin Support. There is no “Dogecoin Official Support” and we will never ask for you to set up a T r U s T Wallet, or ask for your personal seed phrases or account information. Please report them. pic.twitter.com/7rFIn9HXKq
— Dogecoin (@dogecoin) August 6, 2022
“Never Share Seeds of Your Dogecoin Wallets”
The official Dogecoin account states that users should never share seed phrases or account information and that cryptocurrencies He stressed that it was a fundamental rule.
It is noteworthy that the fake account shared by the DOGE official account was created in 2012 (before Dogecoin was even launched).
Meme coin has also entered the radar of scammers after experiencing a huge rise in popularity in 2021.
However, a large number of DOGE copycat scam altcoins have also surfaced, many of which have crashed to zero after their release.
Cryptocurrency detective Elliptic recently uncovered a sharp increase in DOGE transactions linked to illegal activities on the Dark Web.
In June, Dogecoin co-founder Jackson Palmer went so far as to say that cryptocurrencies are paving the way for fraud. However, Palmer does not consider the meme coin itself to be a scam, although he is highly critical of those who try to speculate on price fluctuations.
A Dogecoin user recently filed a class action lawsuit against Tesla CEO Elon Musk, accusing him of marketing the token.
*Not investment advice.
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