27.07.2025 20:12

Monero, a prominent cryptocurrency prioritizing user privacy and holding a leading market capitalization position, is currently grappling with a serious threat. A rival blockchain project, Qubic, is poised to attempt a 51% attack, aiming to seize control of over half of Monero's mining power. This audacious maneuver is scheduled to commence on August 2nd.

This looming attack represents a significant challenge for the Monero community. Qubic's founder, Sergey Ivancheglo (also known as CFB), has publicly alluded to this planned action on various social media platforms. This proactive announcement, while bold, highlights the potential severity of the situation and raises concerns about the security and stability of the Monero network.

The potential consequences of a successful 51% attack are substantial. Such an attack could allow Qubic to manipulate transactions, potentially double-spending funds and undermining the fundamental trust upon which the Monero cryptocurrency relies. This unprecedented threat underscores the vulnerabilities inherent in decentralized systems, even those designed with robust security features. The Monero community is now actively assessing the situation and formulating countermeasures. The success or failure of these efforts will determine the future trajectory of this significant cryptocurrency. Information on this developing story is readily available from internet sources.