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Hacker exploits Dogecoin flaw, causing 69% of nodes to crash

Hacker exploits Dogecoin flaw, causing 69% of nodes to crash

GrafaGrafa2024/12/13 05:40
By:Liezl Gambe

A flaw in Dogecoin’s (CRYPTO:DOGE) blockchain network was exploited by a hacker, crashing 69% of its nodes, as reported by Blockchair.

The active node count fell drastically from 647 to 205, marking a significant disruption in the network's infrastructure.

“Our monitoring made us aware that the vulnerability appears to have been exploited, and almost 69% of the Dogecoin network has crashed,” a Dogecoin monitoring platform noted.

Recovery efforts are underway, with 331 active nodes reported globally at present.

Andreas Kohl, a Bitcoin (CRYPTO:BTC) sidechain developer, admitted responsibility for exploiting the flaw, explaining his method in a social media thread.

“I used a publicly disclosed vulnerability to take down 69% of the Dogecoin network from an old thinkpad in rural El Salvador,” Kohl stated.

He revealed that only nodes running outdated versions of the software were affected, sparing centralised exchanges (CEXs) and major custodians.

Kohl remarked that many Dogecoin users were unaware of the incident, as most rely on custodial services.

“Most DOGE users didn’t even notice, as the majority don’t understand self-custody,” Kohl stressed.

Dogecoin’s price remained relatively unaffected, trading at $0.413, a 4.7% decline over 24 hours.

The network’s price stability reflects the community’s enduring confidence despite the exploit.

This incident underscores the critical importance of keeping blockchain nodes updated and secure, especially for widely-used networks like Dogecoin.

It also highlights the ongoing need for user education about self-custody and network security.

Dogecoin’s recovery is underway, but the event serves as a cautionary tale for ensuring vigilance and robust infrastructure to protect decentralised ecosystems from future vulnerabilities.

At the time of reporting, Dogecoin price was $0.4024.

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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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