An influential figure in the Dogecoin community has raised concerns about a scam targeting members. The alert highlights a fraudulent social media account pretending to be the Dogecoin Foundation.

Discovery of Dogecoin Impersonation Scam

Recently, a prominent Dogecoin influencer known as ‘Inevitable360’ revealed a new scam targeting the community. The impersonators created a fake account on a social media platform, posing as the official Dogecoin Foundation.

The Dogecoin Foundation plays a key role in supporting DOGE’s development and value. Its growing presence on social media platforms has made it a prime target for scammers seeking to take advantage of the trust within the DOGE community.

According to Inevitable360, the fraudulent account has replicated the Foundation’s profile, using similar branding and messages to deceive unsuspecting DOGE investors. The impersonator’s account has already attracted over 69,300 followers.

It has been suggested that the account initially gained followers and verification under a different identity before switching to impersonate the Dogecoin Foundation.

In response to this ongoing scam, Inevitable360 has advised the Dogecoin community to report the fake account promptly to safeguard investors and raise awareness.

Increasing Scam Threats in Meme Coin Communities

Meme coin communities, such as Dogecoin and Shiba Inu, have seen a surge in scam attacks, endangering investors and community members. The popularity of these coins has attracted numerous fraudulent schemes.

Dogecoin has been a frequent target of various scam tactics, including phishing and impersonation. Similarly, the Shiba Inu community has been warned about potential scam activities targeting SHIB investors.

Recently, in an announcement on social media, the Shiba Inu scam tracker, Shibarmy Scam Alerts, cautioned community members about fraudulent sites and individuals attempting to deceive SHIB investors. In response to the escalating scams, preventive measures have been suggested to protect investors.

The importance of safeguarding crypto wallet private keys, verifying websites before sharing personal information, and reporting suspicious activities promptly have been emphasized by the SHIB tracker. Staying vigilant and safeguarding crypto assets from malicious actors is crucial.