Monero Targeted by 51% Attack: Qubic Gains Dominant Control

Privacy-focused cryptocurrency platform Monero is facing a major security challenge as Qubic, a decentralized blockchain network, has gained control of over 52.72% of its computational power. This significant increase in hashrate (the collective processing power used to secure a blockchain) raises serious concerns regarding a potential 51% attack on the platform. As Chief Technology Officer of Ledger Charles Guillemet outlined on social media, this level of control puts Monero at risk for manipulation and censorship.