So Theft, Much Sad: Hackers Make Off With Millions of Dogecoins in Christmas Heist

So Theft, Much Sad: Hackers Make Off With Millions of Dogecoins in Christmas HeistImage via Dogecoin

Is nothing sacred? Popular cryptocurrency storage service Dogewallet has announced that more than 30 million Dogecoins were stolen from its accounts on Christmas. Units of the digital currency, which was created as an alternative to Bitcoin, are worth a tiny fraction of a dollar, meaning the total value lost in the heist falls somewhere between $12,000 and $20,000. It doesn't come close to Bitcoin's current $700-per-coin valuation but is still pretty significant for a meme-based currency that was developed as a joke.

News of a possible hack first appeared on a Doge forum, where a user wrote “Looks like somebody hacked and cleared my Dogewallet some minutes ago with a single transaction, I lost more than 1M!”

The founders of Dogewallet followed up with a post of their own, writing on Reddit that 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."

Dogewallet also added that it intends to fully compensate Dogecoin users whose accounts were affected by the theft. 

[via The Verge]

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