Dogecoin warns users to not fall for scams that claim to double or multiply coins

An ongoing scam around Dogecoin claims to double or triple the crypto holdings of those who transfer it to a particular account, only to fleece the victim in this pretext.

As people rushed to buy Dogecoin prior to its peak in the international markets, scammers saw it as an opportunity to fleece the gullible. Some of these claimed to increase the number of Dogecoins people had by two, three times or even more. The cryptocurrency team recently informed traders of the same in a tweet. The Twitter account of Dogecoin warned people against falling for any fake claims involving the cryptocurrency that promise to increase people’s holdings by two or three folds.