Dogecoin Network Hit by Exploit, 69% of Nodes Crashed

The Dogecoin network exploit crashed 69% of its nodes, exposing critical security flaws and highlighting the need for timely updates.

Doge sitting on imaginary dollar pillar, traveling through a portal.
Created by Kornelija Poderskytฤ— from 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 Dogecoinโ€™s 647 active nodes using an old ThinkPad laptop and a vulnerability called โ€œDogeReaper.โ€

The exploit, first disclosed publicly on December 4 by the โ€œDepartment Of DOGE Efficiency,โ€ enables anyone to remotely disable Dogecoin nodes by leveraging a segmentation fault in the networkโ€™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 Dogecoinโ€™s nodes compromised, the networkโ€™s ability to process transactions was diminished.

After Kohlโ€™s demonstration, Dogecoinโ€™s active nodes dropped from 647 to 315, according to data from Blockchair.  As of the time of writing, 386 nodes are active.

The โ€œDogeReaperโ€ Threat

The critical vulnerability, named โ€œGogecoin Reaper,โ€ allows attackers to crash any Dogecoin node remotely by targeting their public addresses. According to DOGE, the node โ€œinstantly diesโ€ 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.

โ€œThis wouldโ€™ve caused a lot of FUD, and the $DOGE price surely would have been closer to $0 than to $1,โ€ the group stated.

Patch Available, But Adoption Lags

The โ€œDogeReaperโ€ 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 โ€œlow severity.โ€

Roqqit voiced disappointment, saying, โ€œWe never received confirmation that Coinbase implemented an updated, secure version of Dogecoin.โ€

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.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Alex Costa

Alex Costa is a crypto writer and investor specializing in researching, analyzing and reporting on promising small-cap projects that are gaining traction in the industry. He has been in crypto since 2018, when he began looking for hidden gems in crypto. Today, he is dedicated to finding the next top performing NFTs and tokens.

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