Feeds

Supposedly secure Dogecoin service Dogevault goes offline

Much worry. So familiar. Such losses

The Power of One eBook: Top reasons to choose HP BladeSystem

Dogevault.com, a site that claims to hold the cryptocurrency Dogecoin in conditions of optimal security, has gone down.

The site now consists of the following message:

Notice: We apologise for the downtime, a press release will be posted here within 24 hours. Please do not transfer any funds to Dogevault addresses while our investigation is under way. Email support@dogevault.com for any enquiries.

Speculation is rife in posts like this Reddit missive that the site was hacked, taking with it at least 950,000 Dogecoin. Another report suggests up to 111 million Dogecoin seem to have mysteriously appeared in a “mega wallet” linked to Dogevault.

With the Dogecoin to $USD exchange rate running at 1000:$0.46, that's about $51,000 hardly the millions suspected to have evaporated from Bitcoin exchange Mt Gox but still a nasty lot of cryptocash to lose.

If Dogevault has indeed been fatally compromised it will make it harder to sustain cryptocurrency enthusiasm: whatever the upsides of the concept, security of some participants clearly needs to be tightened. ®

Designing a Defense for Mobile Applications

More from The Register

next story
Mozilla fixes CRITICAL security holes in Firefox, urges v31 upgrade
Misc memory hazards 'could be exploited' - and guess what, one's a Javascript vuln
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
Four fake Google haxbots hit YOUR WEBSITE every day
Goog the perfect ruse to slip into SEO orfice
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.