Doge Vault Gets Hacked, Goes Offline
A popular online Dogecoin wallet provider, Dogevault.com, released a statement on its website that it has been hacked. As soon as the website’s admin was alerted of the hacking, Doge Vault temporarily halted its services.The online Dogecoin wallet provider explained,
“On the 11th of May, the Doge Vault online wallet service was compromised by attackers, resulting in a service disruption and tampering with wallet funds.”
The hackers were able to destroy all the data on the virtual machines. Doge Vault writes that it is trying to determine the extent of the attack and the impact on users’ wallet funds. The company hopes that with the investigation, they will be able to salvage some funds from an offline storage.
Doge Vault Goes Offline, Users Want Answers
Doge Vault ensures that it will examine all possible areas where there could have been a security breach. To safeguard itself and its customers, Doge Vault has decided to close its website temporarily until a solution can be found. The online Dogecoin wallet provider wrote,
“Please do not transfer any funds to Doge Vault addresses while our investigation is under way.”
Prior to this announcement, a user posted on Reddit that he’d lost nearly all of his 950,000 Dogecoin balance, the day that Doge Vault went offline. Dogecoin users speculated that this might have been some sort of hack attack. As it turns out that this was indeed the case. Now, it all depends on what Doge Vault will do to fix the situation.
A more concise statement will be released by Doge Vault within the next 24-48 hours detailing the company’s findings and its next course of action. This has been a low blow to both the Dogecoin and cryptocurrency community especially after the recent Mt. Gox debacle that no one wants to see repeated.
Lesson Learned, don’t store your Coins in a hot account.
Ok, I’ve been hit by the MtGox hack, and now this. I’m pretty much convinced that it’s best not to use online wallets.