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Dogecoin Network Hit by Exploit, 69% of Nodes Crashed

Dogecoin Network Hit by Exploit, 69% of Nodes Crashed

DailyCoinDailyCoin2024/12/13 13:46
By:DailyCoin

Dogecoin, one of the most popular meme-inspired cryptocurrencies, faced a severe network exploit that crashed 69% of its nodes, highlighting critical security concerns.

Vulnerability Exposes Network Weakness

On December 12, Andreas Kohl, co-founder of Bitcoin sidechain Sequentia, announced that he had successfully crashed 442 out of Dogecoin’s 647 active nodes using an old ThinkPad laptop and a vulnerability called “DogeReaper.”

I used a publicly disclosed (by @TobiasRuck ) vulnerability to take down 69% of the Dogecoin network from an old thinkpad in rural el salvador. AMA. https://t.co/BNkGDWkWhu pic.twitter.com/qk16AwMaq5

— Andreas Kohl (@aejkohl) December 12, 2024

The exploit, first disclosed publicly on December 4 by the “Department Of DOGE Efficiency,” enables anyone to remotely disable Dogecoin nodes by leveraging a segmentation fault in the network’s code.

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Segmentation faults occur when a program attempts to access unauthorized memory, prompting the operating system to terminate it for safety. With the majority of Dogecoin’s nodes compromised, the network’s ability to process transactions was diminished.

After Kohl’s demonstration, Dogecoin’s active nodes dropped from 647 to 315, according to data from Blockchair .  As of the time of writing, 386 nodes are active.

The “DogeReaper” Threat

The critical vulnerability, named “Gogecoin Reaper,” allows attackers to crash any Dogecoin node remotely by targeting their public addresses. According to DOGE, the node “instantly dies” of a segmentation fault.

With Dogecoin nodes openly accessible, malicious actors could exploit this flaw to trigger a widespread network shutdown. The Department Of DOGE Efficiency warned that such an attack could have paralyzed the network for at least few days, halting transactions and block production entirely.

“This would’ve caused a lot of FUD , and the $DOGE price surely would have been closer to $0 than to $1,” the group stated.

Patch Available, But Adoption Lags

The “DogeReaper” vulnerability was first identified by Bitcoin Monk Tobias Ruck and developer Roqqit, who privately informed miners and crypto exchanges to mitigate immediate threats. 

Although a patch was swiftly released, many Dogecoin nodes failed to update , leaving the network exposed.

The Department Of DOGE Efficiency criticized exchanges like Coinbase for minimizing the risk, categorizing the exploit as “low severity.”

Roqqit voiced disappointment, saying, “We never received confirmation that Coinbase implemented an updated, secure version of Dogecoin.”

Why This Matters

The Dogecoin exploit highlights the urgent need for stronger security measures and timely updates to maintain trust in cryptocurrency networks, while also emphasizing broader challenges in safeguarding blockchain ecosystems and ensuring network reliability.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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