Price: $0.36739 -7.0083%
Market Cap: 53.93B 1.866%
Volume (24h): 15.29B 0.4%
Dominance: 1.866%
Price: $0.36739 -7.0083%
Market Cap: 53.93B 1.866%
Volume (24h): 15.29B 0.4%
Dominance: 1.866% 1.866%
  • Price: $0.36739 -7.0083%
  • Market Cap: 53.93B 1.866%
  • Volume (24h): 15.29B 0.4%
  • Dominance: 1.866% 1.866%
  • Price: $0.36739 -7.0083%
Home > Information news > Dogecoin Lead Sounds Alarm Amid 145% DOGE Price Surge

Dogecoin Lead Sounds Alarm Amid 145% DOGE Price Surge

Release: 2024/11/15 01:49 Reading: 938

Original author:U_Today

Original source:https://coinmarketcap.com/community/articles/67362b56b4763d358b34ccc1

Dogecoin Lead Sounds Alarm Amid 145% DOGE Price Surge

Important Security Advisory for Cryptocurrency Holders

A leading figure in the Dogecoin community, "Mishaboar," has issued a crucial security warning amid DOGE's recent surge. Mishaboar's advisory extends beyond DOGE to the broader cryptocurrency community, highlighting critical vulnerabilities in the widely used Phantom wallet.

Phantom Wallet Update Causes Access Loss

An update to the Phantom wallet has reportedly resulted in users losing access to their digital assets. The software, initially designed for Solana but now supporting Bitcoin and Ethereum, has gained popularity among cryptocurrency traders. However, the update has led to significant setbacks.

Lost Funds Due to Deleted Seed Phrases

According to reports, the update can delete user seed phrases if they are not saved, potentially leading to permanent loss of access. In one notable incident, the founder of a Solana-based project reportedly lost $1 million in POPCAT tokens due to this issue.

Safeguarding Your Crypto Assets

Mishaboar urges Phantom wallet users to take immediate action, including:

  • Back up seed phrases for future access.
  • Move crypto holdings from smartphone wallets to more secure cold wallets or offline storage.

This warning applies not only to Phantom users but to anyone utilizing smartphone wallets. As cryptocurrency prices rise and interest increases, it is essential to prioritize security measures. Crypto owners should actively protect their assets by implementing sound security practices.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.