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51% Attack on Monero: Qubic Appears to Have Seized Control of the Network According to the, @evilcos, founder of SlowMist, the mining pool Qubic has gained control over the majority of Monero's hash rate, enabling a large-scale blockchain reorganization. This kind of control https://t.co/soG70Dh8PA
🚨SlowMist TI Alert🚨 According to SlowMist Threat Intelligence, the Monero (XMR) network is suspected to have experienced a 51% attack. Based on a post on X (https://t.co/9G4bmhlEUv) and provided blockchain reorganization charts, Monero recently saw a 6-block deep chain
SlowMist founder said the 51% attack on Monero by the Qubic mining pool appears successful. Qubic now controls most of the network’s hashrate, with a major chain reorg detected. With its dominance, Qubic can rewrite blockchain history, launch double-spend attacks, and censor any https://t.co/fI4iqbc8Ai
The privacy-focused cryptocurrency Monero is investigating a suspected 51% attack after the Qubic mining pool seized control of a majority of the network’s computing power, according to cybersecurity firm SlowMist. SlowMist founder Yu Xian said today that Qubic’s dominance enabled a six-block chain reorganisation—an event that allows the attacker to rewrite recent transaction history. With effective control of Monero’s hashrate, Qubic could in theory launch double-spend transactions and censor payments, threatening the integrity of a token whose appeal rests on untraceable transfers. Developers and exchanges had not yet issued formal statements on mitigation measures as of late Tuesday, and it remains unclear whether any funds have been stolen.
