If you've been following digital currencies recently then you might have heard of Dogecoin, it started off as a joke currency which takes its name from the ‘doge' meme but it has started to pick up some steam recently. The currency is only worth a fraction of what Bitcoin is currently worth but that didn't stop hackers from stealing their own piece of the pie.
The founders of Dogewallet have confirmed that more than $12,000 worth of coins were stolen during an attack on the main website. The hack didn't target individual wallets, instead it was aimed at the official Dogewallet website which was modified to send off coins to one account rather than the intended recipients.
Reports of the hack originated on the Dogecoin forum where users began saying that their funds were being sent to an unrecognised wallet without authorisation, the news then spread to Reddit and finally, the main site was shut down leaving the following message:
“We found many reports of Dogewallet transactions being sent to ‘DQT9WcqmUyyccrxQvSrjcFCqRxt8eVBLx8'. We're currently looking at logs and have found thousands of attempts to hack our systems. Specifically, the attack originated from the hacker gaining access to our filesystem and modifying the send/receive page to send to a static address. We're currently reviewing logs for information. The site is shut down right now. ”
It has been confirmed that users who invested before the attack will get refunded by as much as possible.
KitGuru Says: This wasn't exactly the best news for those affected over Christmas. Maybe it's not such a great idea to invest in a currency based off a meme.
Sources: Buzzfeed, Dogewallet