Dogecoin Developer Wallet Hacked—$34M Stolen

In a surprising twist, an official Dogecoin $DOGE developer wallet was hacked, leading to the theft of 2.3 billion DOGE (approx. $34 million). The attacker used a zero-day exploit in an old Electrum client. The funds were quickly swapped through mixers into Bitcoin (BTC) and privacy tokens like Zcash (ZEC). Elon Musk tweeted, “Not cool,” causing further market panic. DOGE fell 11% in 24 hours. Shiba Inu (SHIB) briefly surged as traders looked for a meme-coin alternative. The Dogecoin Foundation confirmed the breach but insists DOGE itself is secure. Critics argue this highlights the dangers of relying on outdated infrastructure and poor wallet management. With trust in DOGE’s development team shaken, many investors are reconsidering their positions. Is this the end of Dogecoin’s mainstream momentum?