The Identity of the Dogecoin Wallet Hackers Revealed
The Dogecoin community has successfully identified the person responsible for hacking the MyDogeWallet’s X account. A member of the community named Salty shared the profile of the hacker, who goes by the name Patrick, on X. Interestingly, Patrick is believed to be the same individual who carried out a previous hack on the MyDogeWallet account in December last year. The hacker has also targeted other X accounts, including Loopring, an Ethereum Layer-2 scaling protocol. Salty expressed frustration that Patrick’s profile was still active despite his previous hacking activities.
Furthermore, Alex, the CTO of MyDogeWallet, confirmed that Patrick’s profile was indeed the primary account of the hacker and that the X Security team had been notified.
The Recent Hack and its Method
According to MyDogeWallet’s announcement on X, the hacker was able to post messages on their account using “Delegate Access,” which had been added during the previous hack. This access went undetected until this second hack occurred, indicating that it was carried out by the same hacker. MyDogeWallet assured its users that they have regained control of the account and removed the hacker’s access. They advised users to check their X settings for any suspicious activity in the “Delegate Access” section to prevent similar attacks.
In a previous incident, Alex revealed that the hacker gained access through a SIM swap attack and admitted not enabling 2-factor authentication (2FA) on the account, which would have prevented the hack.
Hot Take: The Importance of Enhanced Security Measures
This recent incident highlights the importance of implementing strong security measures to protect your cryptocurrency wallets. Enabling 2-factor authentication (2FA) can provide an additional layer of security, making it harder for hackers to gain unauthorized access. Regularly monitoring your account settings and checking for any suspicious activity, such as Delegate Access, is also crucial to prevent potential attacks. As the cryptocurrency space continues to grow, it is essential for both users and platforms to prioritize security and take proactive measures to safeguard their assets.
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