On December 12, 2024, the Dogecoin network was exploited when an “ethical” hacker uncovered a critical flaw. This exploit brought down a staggering 69% of the network’s active nodes, sparking serious questions about the security of decentralized systems and the risks that come with publicly accessible nodes.
The Exploit and Its Execution
Andreas Kohl, co-founder of the Bitcoin sidechain Sequentia, admitted to carrying out the attack using a vulnerability he called “DogeReaper”. He ran the exploit from nothing more than an old laptop while in El Salvador.
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
Before the attack, Dogecoin had 647 active nodes. After the exploit, the number of operational nodes dropped to just 205. Kohl’s actions have brought attention to a critical flaw in the network’s architecture.
The “DogeReaper” vulnerability, first disclosed by a social media account named “Department of DOGE Efficiency” on December 4, allows anyone to remotely crash Dogecoin nodes.
This vulnerability allows anyone to remotely crash Dogecoin nodes by triggering a segmentation fault – a software error that occurs when a program tries to access memory it shouldn’t. Because Dogecoin nodes are publicly listed, they’re easy pickings for anyone who knows how to exploit this flaw.
The “DogeReaper” is a sort of “Death Note” for Dogecoin nodes. The danger it posed was significant: a malicious hacker could have shut down the network entirely, halting transactions and block creation for days.
Also, despite its severity, the vulnerability was labeled “low-risk” by Coinbase. The researcher who discovered it, Tobias Ruck, received just $200 for his efforts. This decision has fueled debates about how the crypto world values major security findings like this one.
More News: Australia to Crack Down on Crypto ATM Providers Due to Money Laundering Risk
Community Response and Security Concerns
The attack showed just how tricky it is to keep decentralized networks safe. Sharing the flaw out in the open might have been done to push developers to act quickly, but it also gave hackers an easy chance to use it. Some people think the better move would’ve been to tell developers privately and wait to share it after a fix was ready.
Now, Dogecoin’s team is working fast to fix the problem. This isn’t just Dogecoin’s headache – it’s a warning for all blockchain projects. Even popular platforms run by their communities can have serious security problems.
As crypto keeps growing, strong security is more important than ever. Decentralized networks need to stay open but also find ways to block potential attacks.
Conclusion
Dogecoin’s developers are working on updates to close the security hole. And node operators may need to upgrade their systems. Also, the crypto community and developers should take another look at their security protocols and check how they handle vulnerabilities.
The post Dogecoin Flaw Exploited, Hacker Crashes 69% of Active Nodes appeared first on CryptoNinjas.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments