Hacker Exposes $DOGE Flaw, Puts the Network at Risk

A hacker found a flaw in the system and used it to crash 69% of its nodes.

Nodes are like the backbone of the network. They help verify transactions and keep everything running smoothly. Losing so many of them at once was like knocking the legs out from under a table. Let’s discover what is happening with $DOGE.

Dogecoin’s Close Call: Outdated Software Exposed Network Risk

This flaw could have been a much bigger disaster. If the hacker had taken things further, the entire Dogecoin network might have gone down. That would have left users unable to send or receive their Dogecoin, putting their funds at risk. Luckily, the damage stopped before it reached that point, but it was a close call.

The problem came from outdated software running on many Dogecoin nodes . The hacker targeted these weaker points, showing just how important it is to keep systems updated.

Our monitoring made us aware that the vulnerability appears to have been exploited, and almost 69% of the Dogecoin network has crashed 😳😳😳

Blockchair shows how the number of public nodes.
Before, it was 647, and at the time of writing it is just 205. https://t.co/SufuVMmeoP pic.twitter.com/knnhTGgTJO

— Department Of DOGE Efficiency (@EfficiencyDOGE) December 12, 2024

The Dogecoin community and developers are now racing to fix the issue. Still, this event serves as a wake-up call: even fun and lighthearted cryptocurrencies like Dogecoin need serious security to stay safe.

More About other Crypto Hacks

Byte Federal, a major Bitcoin ATM operator in the U.S., has reportedly experienced a data breach impacting 58,000 users. According to the Maine Attorney General’s Office, the breach allegedly occurred on September 30th, exposing highly sensitive information.

⚠️ Byte Federal ATM Hack May Have Exposed User Data

Byte Federal, a leading Bitcoin ATM operator in the United States, has potentially suffered a breach affecting 58,000 users. The Maine Attorney General’s Office reports that the incident allegedly occurred on September 30,… pic.twitter.com/wAHPMVcfCI

— GN Crypto (@GNcrypto_news) December 12, 2024

Data at risk includes users’ full names, birthdates, addresses, phone numbers, email contacts, government-issued IDs, Social Security numbers, transaction histories, and even personal photos. The incident highlights serious concerns about data security for cryptocurrency platforms, putting affected users at significant risk of identity theft and fraud.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.