It isn’t just Dogecoin that is on the scammers’ radar. The way these giveaways work is that they’d ask cryptocurrency holders to send a in the amount of crypto coins to an address mentioned on the scam page, with the promise of multiplying your coins in return. This comes after it was discovered that scammers on Twitter were hacking unused but presently inactive Twitter accounts to promote these giveaway scams. Dogecoin has warned against falling for any promises or giveaways for multiplying your crypto coin holding, because these are essentially scams. So much so that hours after these scams came to light on Twitter during Elon Musk’s Saturday Night Live appearance, Dogecoin has issued an advisory for all cryptocurrency holders. The excitement around the Dogecoin cryptocurrency is such that the scams have inevitably started.
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