TechSpot

DogeVault wallet falls victim to cyber attack, millions of Dogecoins believed to be missing

By Shawn Knight
May 13, 2014
Post New Reply
  1. Hackers recently infiltrated DogeVault, the online wallet for Internet cryptocurrency joke-turned-viral success dogecoin.

    Read more
     
  2. VitalyT

    VitalyT Russ-Puss Posts: 3,154   +1,429

    Dodgycoin :)
     
    H3llion and cliffordcooley like this.
  3. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 8,555   +2,898

    Only $50K?

    Hackers must have been bored or lightweight amatures, to go after so little!
     
  4. hahahanoobs

    hahahanoobs TS Evangelist Posts: 1,631   +432

    A wise man once said, "Haw Haw"!
     
  5. RzmmDX

    RzmmDX TS Guru Posts: 305   +62

    These hackers must really hate and like doggycoin when they even destroyed the backups to prevent inflation.
     
  6. davislane1

    davislane1 TS Evangelist Posts: 3,554   +2,361

    50k in a brokerage account and someone who knows how to trade it isn't so little (though, if they could do that, they probably wouldn't be hacking coin wallets). It also puts you right in the ballpark of a C7 Corvette.

    This may not be big boys money, but, for a routine e-theft, I'd say that's a pretty large sum.
     
  7. The bright side is that the stolen coins might be worth $50.00 after this fiasco.
     
  8. Virtual currencies are a lot easier to steal than paper money or credit cards it seems.

    Technological advancement?
     
  9. you should get out of your basement more often, try walking around some "sleeping" district in the evening, you'll get personal experience how harder its to steal paper money
     
  10. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 6,505   +2,053

    And dodgyvault. This sounds like a "take the money and run" to me
     
  11. misor

    misor TS Evangelist Posts: 1,163   +197

    is this nelson, the doggie? :)
     
  12. wildrage

    wildrage TS Member

    Who let the Doges out!
     
  13. "you should get out of your basement more often, try walking around some "sleeping" district in the evening, you'll get personal experience how harder its to steal paper money"

    Put physical money in the bank. Someone robs the bank. You still have your money. There is also the FDIC.

    Put crypto-money in the "bank". Someone robs the bank... pray that you're lucky?
     
  14. TheLastPanda

    TheLastPanda TS Member Posts: 78   +10

    When someone robs a bank you lose your money. It gets refunded if it was insured but that doesn't mean your money wasn't stolen, and new money isn't generated from thin air. Once cyrpto is mainstream if it gets to that it will be much more secure than you may think because it will prevent theft in the first place. It was a fault of the site and not the coin. Storing coins offline in an encrypted wallet with backups has an unparalleled level of security and that is what places like Moolah do with almost all of the coins stored through them. That's like saying the U.S dollar is insecure because if I left it on a table, someone could pick it up. Its also impossible to make counterfeits which is currently a large problem for most major currencies.
     

Similar Topics

Add New Comment

You need to be a member to leave a comment. Join thousands of tech enthusiasts and participate.
TechSpot Account You may also...