But now there is another reason to worry about DOGE: Scammers are capitalizing on increased interest in its actions in order to defraud people of cryptocurrency, according to the online protection company McAfee, which researches and monitors digital scams.

If Musk offers tax refunds in crypto, “it would be an extreme headache and ripe for potential fraud,” one expert said.

Elon Musk has confirmed U.S. president Donald Trump supports the idea of sending Doge department of government dividend checks to U.S. taxpayers—potentially boosting the bitcoin