A leading Dogecoin developer, Mishaboar, has cautioned the community about fraudulent projects claiming to officially represent the meme cryptocurrency. Mishaboar stressed that no person or organization can officially speak for Dogecoin, labeling these initiatives as 'risky IOUs' that could result in financial losses for investors. He advised against engaging with schemes promising easy returns and warned of centralized entities using the Dogecoin name to market financial products such as treasuries and ETFs. Currently, Dogecoin is trading at $0.1830, marking a 4.89% increase over the past 24 hours.