A Dogecoin (DOGE) Influencer has raised the alarm about a scam attack targeting members of the DOGE community. The influencer has issued a critical warning about a new fraudulent social media account posing as the Dogecoin Foundation.

Dogecoin Imitation Fraud Discovered

On August 17, a DOGE influencer identified as “Inevitable360” took to X (formerly Twitter) to announce another scam attempt in the Dogecoin community. The influencer called out that there was a fraudulent account on X to pretend to be the official X account of the DOGE Foundation.

The Dogecoin Foundation is a non-profit foundation dedicated to facilitating and promoting the technical development and value of DOGE. Due to the foundation’s influence and growing popularity on social media platforms, it has become a target for scammers who seek to exploit the trust and enthusiasm of foundation members. DOGE Community.

According to Inevitable360, the impersonating account mimicked Foundation’s X profile, using similar branding and messaging to lure unsuspecting people. DOGE investors to potential scams. The Dogecoin influencer also shared a screenshot of the impersonator’s X account, which has already amassed over 69,300 followers.

A crypto member has so called that the account first built a following and secured verification under a different identity, before later rebranding as the Dogecoin Foundation.

In light of the ongoing scams, Inevitable360 has called on the Dogecoin community to report the fake account to prevent investors from falling victim to the fraudulent practices. This will also help raise awareness in the DOGE community and possibly discourage other potential scam activities.

Meme Coin Communities Face Increasing Scam Attacks

Meme coin communities are facing a alarming increase in scam attacksputting investors and community members at risk. Because meme coins like Dogecoin and Shiba Inu (SHIB) Although they are becoming increasingly popular, the number of fraudulent practices targeting their communities continues to increase.

Dogecoin has faced a significant number of scam attacks ranging from phishing attacksimitations and other scams. On the other hand, Shiba Inu has also warned community members about various scam activities targeting SHIB investors.

In a X-message On August 18, the Shiba Inu scam tracker, Shibarmy Scam Alerts, warned community members about the presence of fraudulent sites and malicious individuals attempting to SHIB investor scam. Due to the increasing scam activities in the meme coin world, Shibarmy Scam Warnings has outlined ways investors can protect themselves from scam attempts.

The SHIB tracker emphasizes the importance of keeping crypto wallet private keys safe at all times. Additionally, investors should always verify websites and links before giving out sensitive information, as scammers often create fake websites or pose as fake websites.

Finally, the Shiba Inu tracker has urged investors to continually Report suspicious scam activities immediately to platform operators and, if necessary, to law enforcement agencies. In addition, investors should strive to remain vigilant and protect their crypto assets from malicious scammers.

Main image from Adobe Stock, chart from Tradingview.com