Dogecoin has been trending over the past few days as Elon Musk appeared on the television show SNL. However, individuals have mixed reactions at the end after the “Dogefather” referred to DOGE as a “hustle.” Did the phrase change your view on this virtual coin? From the crypto charts, you will agree that everyone has unique views of DOGE’s future. While you were busy watching the show, to understand the whole hype with Dogecoin, individuals with wicked intentions stormed social media platforms.
The dogecoin team warns you against any cryptocurrency giveaways promising wealth multiplication. You will never get profits with such offers. Those are hackers who want to have your investment with the current volatility. Attackers prefer to use social media sites such as Facebook, Twitter, and YouTube. That is because these vulnerable platforms allow you to create hype and use bots with ease.
Differed fake accounts keep on flooding the crypto forums, claiming to multiply your Dogecoin holdings. The hackers will direct you to send some funds to specific anonymous addresses, expecting to get multiple returns soon.
Also read:It might sound like a legit deal until you deposit your hard-earned money. Most users became victims since rumors had it that Tesla CEO might promote the digital coin in one way or another. No one knew how the executive will go about that, allowing scammers to utilize their best strategy.
Scam artists trapped crypto traders with fake giveaway offer, masquerading as Elon Musk. As usual, the hacker used sophisticated methods that will capture your attention. During the SNL show, the attacker targeted unofficially videos streaming the content on YouTube. They used ads claiming Musk has dedicated 500,000,000 Dogecoin to all Dogecoin holders. Many users fall victims as the only thing needed to access the offer was to visit the website.
After the trader completes the coin transfer, the scammer’s wallet received the DOGE. Keep in mind that you can never get a refund after the transfer unless you involve legal procedures.
As much as the crypto market is flourishing with money-making deals, be careful before making any move. Hackers target trending coins such as DOGE to attract your attention.
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