In a recent update, a well-known figure in the Dogecoin community, who goes by the name “Mishaboar,” has released an important security advisory directed at all Dogecoin holders. Mishaboar has expressed concern over a circulating email that urges users to withdraw their funds from the “Dogechain dot info” website. While the email is legitimate, Mishaboar stresses the importance of being cautious online and protecting against potential phishing attempts.
The main takeaway from Mishaboar’s advisory is the need to be diligent in verifying website addresses when dealing with cryptocurrency assets. Instead of clicking on links in emails, users are strongly advised to manually enter “dogechain dot info” into their web browsers. This seemingly simple step can play a crucial role in safeguarding against phishing attempts, which can have serious consequences for unsuspecting cryptocurrency holders.
The reason behind this precaution lies in the “.com” domain of Dogechain, which has been associated with scams and phishing activities. Mishaboar’s recommendation to manually input the website address is a practical approach to ensure the authenticity of the platform and prevent potential security breaches.
Dogecoin security guidance
Another concern raised within the Dogecoin community pertains to issues with Two-Factor Authentication (2FA). Many users have reported difficulties with their wallets due to lost 2FA authentication. In such cases, Mishaboar advises users to seek assistance from the website’s developers. These developers may require a legal document to disable 2FA authentication, as long as other login information is available. This measure aims to help users who find themselves locked out of their accounts due to 2FA issues, offering a potential solution to regain access.
Mishaboar’s security recommendations go beyond the specific issue of the email advisory. He strongly emphasizes the importance of prioritizing security when it comes to storing cryptocurrencies. One of the fundamental precautions suggested is to avoid storing crypto in online wallets, whether they are encrypted or not. Online wallets, despite their convenience, are vulnerable to hacking, potential misconduct by developers, and website compromises, making them less secure options for long-term storage.
To enhance security, Mishaboar advocates for the use of self-custodial wallets. These wallets give users control over their private keys, reducing the risk of unauthorized access or mismanagement by third parties. Additionally, he highlights the significance of regularly backing up keys and storing seed phrases offline. This practice ensures that even in the event of hardware failures or unforeseen circumstances, users can securely recover their assets.
For those who prefer the convenience of hot wallets, such as smartphone wallets, Mishaboar advises keeping only small amounts of cryptocurrency in these wallets. Hot wallets are connected to the internet, making them more susceptible to potential security breaches. By limiting the exposure of their assets in hot wallets, users can mitigate the risks associated with online storage.
Mishaboar extends his guidance to newcomers in the cryptocurrency space, particularly in their dealings with smart contracts, including Non-Fungible Tokens (NFTs). Smart contracts are self-executing agreements with the contract terms directly written into code. While they offer exciting possibilities, they can also be complex and come with risks. Newcomers are encouraged to exercise caution and conduct thorough research before engaging with smart contracts or participating in NFT transactions to ensure a secure and well-informed experience.
