Dogevault Goes Offline – Millions of Dogecoins Appear Stolen

As far as cryptocurrencies go, Dogecoin has by far got to be the most popular one of recent times and it’s not surprising really considering it went viral after it was created in the spirit of the popular internet Doge meme.

News has come to light however that some people may have taken a liking to the currency a bit too much after the online wallet Dogevault reportedly went offline without any warning and some users are realising that large quantities of Doge were transferred out of their accounts just before the service went down.

Whether or not the Dogevault servers were hacked or whether the owners have shut up shop and made for the hills is still under investigations, but after some investigation in to where the coins have been transferred to, it seems like we could be looking at the biggest Dogecoin thefts in history. One user posted a shot of his wallet, showing that 950k coins were removed and after following the transaction path, they appear to have landed in this wallet, along with nearly 120 million more coins. Another wallet has been found as well that suggests the Dogevault owners are also responsible, with a balance of over 2.6 million coins itself.

What is certain though is that the coins sadly are not likely to be returned which turn may cost their rightful owners a lot of real hard cash. My suggestion though is that if you use an online wallet, get a desktop wallet that I personally feel is more secure, transfer all your coins there and make sure you keep it safe. A flash drive in a safe would be better suggestion even still.

Source: The Cryptocurrency Times