The popular online wallet Dogevault is offline, large amounts of Dogecoin appear to have been stolen | The Cryptocurrency Times

THE POPULAR ONLINE WALLET DOGEVAULT IS OFFLINE, LARGE AMOUNTS OF DOGECOIN APPEAR TO HAVE BEEN STOLEN


Colin Aulds
Updated: 6th June 2020

Dogevault is a popular online wallet, where people can store and send Dogecoin. It provides no advantage over a normal Dogecoin wallet however, and generally online wallets are regarded as risky, since if the site gets hacked or the owner goes rogue, then you lose the coins that were stored in the online wallet.

It appears something has gone very wrong with Dogevault. The site is down, the server has simply been shut off. This means everyone who uses Dogevault cannot access their coins. There have been no announcements from the owner of Dogevault about what is happening, which is completely inappropriate in this situation.

A user of Dogevault is reporting that 950,000 Dogecoin were transferred out of his wallet just before the site was taken offline, as can be seen in the transaction record below. Other Dogevault users are reporting the same thing, that all of their Dogecoin was transferred out of their wallet before the site went down. This suggests that Dogevault has been hacked, and this could be a worst case scenario. It is unknown at this time how much Dogecoin has been stolen. Dogevault is an extremely popular online wallet though, so losses could be massive. I will update when I get more information on this situation.

Update: the 950,000 stolen Dogecoin ultimately ended up in a new mega wallet, with other coins that were possibly stolen from Dogevault. This wallet contains 111 million Dogecoin: https://dogechain.info/address/DHKM6NDUUv9kaHAGi1QU7MRBNKfQiAdP3F There is also another address with 2.6 million Dogecoin linked to Dogevault. It is uncertain at this time if this actually represents stolen Dogecoin, if it does this is one of the biggest Dogecoin robberies in history.


About the Author:
Colin Aulds

Colin is a founder of Privacypros.io and Billfodl. He is also 1/4th of the Unhashed podcast. In his spare time he's a PC gamer. Follow him on twitter.