Dogecoin Team Warns About New Fake Tech Support Account

Dogecoin’s official Twitter handle is warned Scammer users stealing personal information by impersonating Memecoin tech support service providers.

These scammers pretend to connect with people who are having a “difficulty, frustration, or problem” and trick victims into creating a fraudulent wallet that asks them to enter a seed phrase.

Dogecoin accounts say they will never ask users to set up a Trust wallet, seed phrase or account information.

Scam accounts existed long before Dogecoin was launched. Since its massive popularity in 2021, there has been a constant stream of Dogecoin knockoffs that have turned into worthless scams.

previously reported Tron Weeklythe latest in a long list of notorious impersonations of the coin, Teddy Doge, turned out to be a ragpull, revealing blockchain security firm Pecshield.

In another recent report, the DOGE community uncovered a new scam after discovering numerous suspicious transactions on the memecoin network.

Dogecoin supporters unearth new scam

a Discovered by Dogecoin Fans A mysterious transaction was automated and revealed to be very small. The fan shared a list of many addresses involved in the deal.

“Small transactions worth $0.0207 were executed daily to hide the nature of the business and the movement of money.”

Notably, the reported scam was conceived and marketed as an investment opportunity for Dogecoin holders. But what caught the eye of visionary cryptocurrency fans was the unusually high interest rate offered in return for their investment, which helped expose the scheme.

Not only that, but DOGE supporters have revealed the culprit behind a scam named Huilo Invest. Supposedly, the company claimed to be from London, England, but relentless online research revealed that it was actually based in China.

A closer look at its operations revealed that Huilo Invest had amassed close to $600,000 in funds at one point. This could have been robbed from unsuspecting cryptocurrency holders with false promises that in one day he would offer a 7% to 10% return on investment. Dogecoin Team Warns About New Fake Tech Support Account

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