[The price of DOGE soared by 145%, Dogecoin lead sounded the alarm]
"Mishaboar", a well-known figure in the Dogecoin community, recently issued an important security warning to remind cryptocurrency users, especially Dogecoin and Phantom wallet users, to pay attention to asset security issues. Although the price of DOGE increased by 145% in 10 days, reaching $0.40 and a market value of $59.19 billion, he emphasized that the update of the Phantom wallet may cause some users to be unable to access their assets.
Phantom was originally developed by Solana and now supports Bitcoin and Ethereum, but the latest update may cause users to lose their mnemonic phrases and thus lose access rights. It is reported that a user lost US$1 million in POPCAT tokens due to update issues.
Mishaboar advises Phantom users to back up their mnemonic phrases immediately, and reminds all cryptocurrency holders to avoid storing large amounts of assets in mobile wallets and to use cold wallets or offline storage instead, which is safer. This reminder underscores the critical importance of crypto asset security amid price volatility and growing market concerns.
