Doge Vault Hacked

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The Dogecoin wallet service Doge Vault yesterday acknowledged that it was compromised by hackers on May 11, 2014.

"As soon as the administrator of Doge Vault was alerted, the service was halted," the company said in a statement. "The attackers had already accessed and destroyed all data on the hosted virtual machines."

"We are currently in the process of identifying the extent of the attack and potential impact on user's funds," Doge Vault added. "This involves salvaging existing wallet data from an off-site backup. We will also closely be investigating potential attack vectors, and determining the security breach which enabled the attackers to compromise the service."

While there are no official details at this point on exactly how many Dogecoins were stolen by the hackers, NBC News reports that a Doge Vault user recently reported the theft of 950,000 Dogecoins from his Doge Vault wallet, and that the wallet to which those funds were transferred now holds more than 121 million Dogecoins.