While the virtual currency Dogecoin may be named after a humorous meme, it has been considered the potential successor to Bitcoin. However, today for the first time Dogecoin was successfully hacked with Dogewallet users losing an estimated 21 million Dogecoins. While 21 million Dogecoins only equals about $12,000, this is still a loss for users who spent a lot of time accumulating the virtual currency and draws concerns to the potentially security risks of virtual currencies. Since the hacking, Dogewallet has promised to fully refund all lost coins and has temporarily shut down its site.
