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Cybercurrency 'wallet' stripped of $50,000

Cybercurrency 'wallet' stripped of $50,000
Courtesy of Memegenerator.net

Cryptocurrency, like bitcoin and Dogecoin, share one flaw: Computer hackers can steal all they find.

One online wallet for Dogecoin, Doge Vault, has lost 111 million Dogecoins to a cyberattack. The value of the coins was approximately $50,000.

Doge Vault issued this statement:

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.

As soon as the administrator of Doge Vault was alerted, the service was halted. The attackers had already accessed and destroyed all data on the hosted virtual machines.

We are currently in the process of identifying the extent of the attack and potential impact on user's funds.

“Doge” (pronounced “doj”) is an Internet meme featuring a cheeky Shiba Inu in various situations.

The Doge meme quickly became an Internet sensation, and after bitcoin was released, Dogecoin was created as a satirical response. But Dogecoin quickly gained support and has become as valuable as bitcoin.

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