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Financemagnates

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Why Is Dogecoin Down? 69% Node Crash Due to Network Vulnerability

  • Dogecoin has faced a significant downturn, losing nearly 25% of its value over the past seven days amid broader cryptocurrency price corrections.
  • A vulnerability in the Dogecoin network caused 69% of its nodes to crash, reducing active nodes from 647 to 315. The flaw, known as 'DogeReaper,' was exploited by Andreas Kohl.
  • The Federal Reserve's recent policy, including a 0.25% rate cut and cautious stance on future rate cuts, raised concerns among investors and negatively impacted the cryptocurrency market.
  • The vulnerability allowed attackers to cause node crashes via segmentation faults, but Coinbase rated it as low risk.

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