Hacker Exploits Dogecoin Vulnerability, Crashes 69% Of Nodes—But DOGE Still Spikes 1.8%
Posted On December 12, 2024
A critical vulnerability in the Dogecoin (CRYPTO: DOGE) network has led to a significant disruption, with 69% of its nodes rendered inactive. The incident did not meaningfully impact the price of Dogecoin.
What Happened: Andreas Kohl, co-founder of the Bitcoin sidechain Sequentia, claimed responsibility for exploiting the flaw on Dec. 12, using a modest laptop in El Salvador to execute the attack.
Prior to the incident, data from Blockchair showed 647 active Dogecoin nodes.
Following the exploit, that number plummeted to 315. Kohl revealed that the exploit leveraged a vulnerability discovered by researcher Tobias Ruck, showcasing a severe gap in the network’s resilience.
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