12.08.2025 11:20
A significant 51% attack has crippled the Monero network, with the Qubic mining pool seizing control. Confirmation of this major security breach came directly from the founder of SlowMist, a prominent blockchain security firm.
The attack's success has granted Qubic dominance over the Monero network's hash rate. This effectively allows them to manipulate the blockchain's history, a critical vulnerability exposing users to double-spending and transaction censorship. Consequently, legitimate transactions risk being reversed or outright blocked.
The financial implications of this sustained attack are staggering, according to Ledger's Chief Technology Officer. They estimate that maintaining Qubic's control could cost a staggering $75 million. This substantial figure underlines the severe economic consequences of such a large-scale network compromise.
