280M DOGE hack leaves one of the most important wallet unuseful

Yeah, 280 million dogecoins were stolen by the hack of DogeVault. A new message from the admin shows the truth.

The main problem of this kind of wallets is that the private key is saved on their server so if anyone hacks it, anyone can transfer those dogecoins.

New message:

Announcement

We regret to announce that on the 11th of May, attackers compromised the Doge Vault online wallet service resulting in wallet funds being stolen.

After salvaging our wallet we have ascertained that around 280 million Dogecoins were taken in the attack, out of a total balance of 400 million kept in our hot wallet. 120 million Dogecoins have been since recovered and transferred to an address under our control.

It is believed the attacker gained access to the node on which Doge Vault’s virtual machines were stored, providing them with full access to our systems. It is likely our database was also exposed containing user account information; passwords were stored using a strong one-way hashing algorithm.

All private keys for addresses are presumed compromised, please do not transfer any funds to Doge Vault addresses.

We will make every effort to refund all recovered Dogecoins to users. More information on this will be released along with further information on the attack after we have completed our investigation.

Email support@dogevault.com for any enquiries, please hold off submitting any claims for the recovered Dogecoins at this time. If you are looking for a lightweight Dogecoin client that is secure and easy to use, we recommend installing MultiDoge.

All of this message says the problem we have now...