The Dogecoin community has been put on high alert following a critical warning issued by Dogecoin developer Inevitable. The developer alerted the community to a fake account impersonating the Dogecoin Foundation on X, with the intention of deceiving users by mimicking the legitimate Dogecoin Foundation account.
Inevitable 360 took to X to issue the warning, urging the Dogecoin community to be cautious and to report the fraudulent account. The impersonator is using the Dogecoin Foundation’s name and branding on X to mislead unsuspecting users.
This scam is particularly concerning as it exploits the trust and reputation of the genuine Dogecoin Foundation, which has been a cornerstone of the Dogecoin project since its inception. The warning from Inevitable 360 serves as an important reminder for the community to stay vigilant and verify the authenticity of any social media account claiming to represent the Dogecoin Foundation.
The Dogecoin Foundation
Founded in 2014, the Dogecoin Foundation has been crucial in the development and support of the Dogecoin project. As a non-profit organization, the foundation is responsible for supporting Dogecoin through development, advocacy, and the protection of the Dogecoin brand to prevent misuse and fraud. It also oversees the roadmap and governance for Dogecoin’s future.
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The Dogecoin Foundation was established by members of the Dogecoin team in 2014 to provide governance and support for the project. In 2021, the core development team reactivated the foundation, along with new, experienced advisors eager to help Dogecoin expand in the coming years.
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