In a significant development, a prominent Dogecoin (DOGE) developer has sounded an alarm to Dogecoin enthusiasts. The warning centers on Dogechain.info, a widely used Dogecoin wallet platform that recently shut down operations due to bankruptcy.
Major Dogecoin wallet era comes to end
The platform’s closure has caused an uproar in the community, as users raised concerns about how to secure their private keys. In a recent X post, the developer urged the community to secure their funds immediately before the deadline.
Dear #Dogecoin,
IMPORTANT, please share.https://t.co/JwnXpvQBnM, a popular online wallet for the past 10 years, has shut down in July.
There is still time until December 31st, 2024 to download your private keys from the website. Please do it NOW using the “Wallet Backup” from…
— Mishaboar (@mishaboar) November 18, 2024
For over 10 years, Dogechain.info was a reliable online wallet for Dogecoin users. However, in July 2024, the platform ceased operations, leaving millions of Dogecoin holders with a looming deadline.
Users have until Dec. 31, 2024, to download their private keys from the website using the Wallet Backup feature. The developer emphasized that failure to do so will result in irreversible loss of access to funds stored in these wallets.
The developer mentioned that users experiencing difficulties receiving a two-factor authentication (2FA) code should contact the team at the official email address.
Stay alert to phishing scams
As the shutdown progresses, scammers exploit the situation by targeting Dogechain.info users. One notable scam involves the Dogechain.com domain, which has been used in phishing attacks.
The developer urged users to beware of scams and exploitation as the shutdown progresses. He advised users to double-check the URL and avoid clicking on suspicious links.
He mentioned that this simple precaution could prevent funds from being lost to cyber criminals. In response to the warning, a user commented on the post, suggesting that the message should be shared widely.
He also recommended that the post be translated into different languages to ensure that a larger number of Dogecoin holders can understand the urgency and take action before the deadline. This user’s comment emphasizes the importance of reaching as many people as possible in the community, as language could be a stumbling block.