Qubic Takes Control of Monero Network: A Major Security Threat

Monero (XMR), a prominent privacy-focused cryptocurrency, is facing a significant security threat. Qubic, an independent mining pool, has seized control of nearly the entirety of the network’s hashrate, giving it the power to manipulate transactions and even alter blockchain history. This 51% attack was revealed by Charles Guillemet, CTO of Ledger wallet, who shared it on X. The incident marks a rare occurrence in the crypto landscape.