Dogecoin developer Mishaboar cautioned the community via X about an increasing number of entities claiming to represent “official” Dogecoin initiatives, urging users to remain vigilant and protect their holdings at all times.
Several centralized providers have recently promoted DOGE-branded financial products, including proposed “Dogecoin treasuries,” ETF-style vehicles, and yield-based lending programs. While none are endorsed by Dogecoin’s core contributors, some newcomers may perceive them as legitimate. The warning aims to prevent retail users from surrendering custody of their DOGE in exchange for IOU-type instruments that carry counterparty risk and can undermine the spirit of decentralized ownership within the ecosystem.
Mishaboar stated that Dogecoin remains a community-driven, decentralized project, and no single individual or company can speak or act on its behalf. He encouraged holders to verify information through community-trusted channels. The developer said he will share further guidance on self-custody best practices to help users safeguard assets and avoid misleading marketing narratives.
The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.