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Lions, and Tigers, and Bears, OH MY! This is exactly what I thought of when I read the click bait title. Of course we have another lab created vulnerability that could in theory cripple your Android device. The vulnerability does exist in Millions of Android handsets including some of the Nexus lineup.
You could say that it is troubling that Google has known about this vulnerability since last February. The vuln is found in devices using Linux kernel version 3.4, 3.10, and 3.14 There is at least one Rooting app that uses the vulnerability to gain root access, that is to give you root access to your own phone.
The vulnerability has to be activated locally so this rules out any attacks coming from the web as they would be unfeasible. Still in all seriousness you should think twice before running a shady rooting app on your device. There is always that chance you are sending your personal info to China!
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