According to U.Today, the Dogecoin community has been alerted to a significant warning issued by Dogecoin developer Inevitable 360. In a post on X, Inevitable 360 warned about a fraudulent account impersonating the Dogecoin Foundation. This fake account is attempting to deceive users by posing as the legitimate Dogecoin Foundation account on X. The developer urged the community to report the fake account to prevent further deception.
The impersonator is using the name and branding of the Dogecoin Foundation to trick unsuspecting users. This scam is particularly concerning as it exploits the trust and reputation of the real Dogecoin Foundation, which has been a cornerstone of the Dogecoin project since its inception. Inevitable 360’s warning serves as a crucial reminder for the community to remain vigilant and verify the authenticity of any social media account claiming to be the Dogecoin Foundation.
The Dogecoin Foundation, founded in 2014, has been essential in developing and supporting the Dogecoin project. As a non-profit organization, it provides support for Dogecoin through development and advocacy, trademark protection to prevent abuse and fraud, and a roadmap and governance for Dogecoin's future. Members of the Dogecoin team initially founded the Foundation to provide governance and support for the project. In 2021, members of the core development team reenergized the Foundation, along with new seasoned advisors eager to help Dogecoin expand in the coming years.
