🌎 Dogecoin Network Crashes Due to DogeReaper Vulnerability

Dogecoin Network Crashes After 69% of Nodes Go Down Due to “DogeReaper” Vulnerability

On December 12, the Dogecoin network suffered a significant crash after a hacker took down nearly 69% of its nodes. The attack was attributed to a critical vulnerability known as “DogeReaper,” which was exploited by Andreas Kohl, co-founder of the Bitcoin sidechain Sequentia.

What is the “DogeReaper” Vulnerability?

The “DogeReaper” vulnerability allows anyone to crash any Dogecoin node remotely by typing out the address of the node. This is made possible by the fact that Dogecoin node addresses are publicly available. According to the Department of DOGE Efficiency, “anyone could crash the entire Dogecoin network in an instant” using this vulnerability.

Experts warn that if a malicious actor had discovered this bug, they could have stopped the Dogecoin network for at least a few days, resulting in no transactions or blocks. Fortunately, the vulnerability was discovered by researcher Tobias Ruck, who disclosed it to the network and major exchanges to prevent exploitation.

Impact on the Dogecoin Network and Price

At the time of the attack, Dogecoin had 647 active nodes. However, after the vulnerability was exploited, only 205 nodes remained active. The network has since recovered slightly, with 373 active nodes at the time of writing. Despite the significant crash, the Dogecoin price remained relatively unaffected, with a 3.1% increase in the past 24 hours of trading and a 24-hour trading volume of $7.3 billion.

What’s Next for Dogecoin?

Binance has vowed to fix the vulnerability sometime this week, while Coinbase has reviewed the report and graded the severity of DogeReaper as “low.” Researcher Tobias Ruck was awarded $200 for his discovery.

As the Dogecoin network continues to recover, users are advised to remain cautious and stay informed about any potential vulnerabilities. The incident highlights the importance of network security and the need for constant monitoring to prevent such attacks.

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