“Dogecoin and 280 Other Network-Affecting Exploits Discovered!”

  • It is called “Rab13s”.
  • Halborn, a blockchain security company, believes that Rab13s poses a risk of over $25 billion for cryptocurrencies.
  • The team recommended that affected networks contact them directly.

Halborn, a blockchain security company, has discovered vulnerabilities in Dogecoin and over 280 other networks.

Halborn found “several critical and exploitable” vulnerabilities in Dogecoin’s open-source code. The Dogecoin team fixed the code, but further investigation revealed that the same “Rab13s” vulnerabilities were present in over 280 networks, including Litecoin and Zcash. The company also believes that this vulnerability puts over $25 billion worth of digital assets at risk.

Did Dogecoin Suffer a 51% Attack?

The Rab13s vulnerability allows malicious actors to carry out a 51% attack on a blockchain. The Halborn team found malicious code within the peer-to-peer (p2p) communication mechanism of the networks, which increases the likelihood of an attack due to its simplicity.

Rob Behnke, CEO of Halborn, says, “With this vulnerability, an attacker could cause each node to shut down by sending specially crafted malicious consensus messages, ultimately leading to 51% attacks and other serious issues for the network.”

A 51% attack on a cryptocurrency blockchain occurs when a group of miners controls over 50% of the mining hash rate on a network. Because miners have at least 51% of the blockchain, they have the power to change the network.

How is Halborn Dealing with This Issue?

The company shared technical details with stakeholders of the networks so that they can release necessary patches for the community and miners. Technical information will not be made public further, so it is inaccessible to malicious actors. Halborn also recommended that affected networks contact them directly.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Canada to Remove 25% Tariffs on US Consumer Goods Under USMCA While Keeping Steel, Aluminum and Auto Duties

Canada lifts retaliatory tariffs on a broad set of...

CANARY FILES AMENDED S-1 FOR XRP ETF

CANARY FILES AMENDED S-1 FOR XRP ETF $XRP #XRP

Bitcoin ‘Ancient Whale’ Deposits 300 BTC to Hyperliquid While Sitting on $84M Unrealized Gains from 135,265 ETH

LookIntoChain monitoring shows a Bitcoin whale has deposited 300...

Tom Lee Says Powell’s Dovish Jackson Hole Speech Is Bullish for Bitcoin (BTC)

On August 22, COINOTAG reported that analyst Tom Lee...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img