The privacy-focused Monero blockchain is facing a major challenge with a suspected 51% attack orchestrated by the mining project Qubic. Blockchain security firm SlowMist has reported that Qubic’s actions have led to a six-block deep chain reorganization, potentially impacting the network’s integrity and causing a significant drop in XMR price. The attack comes as Qubic lured miners with higher rewards, encouraging a shift toward their pool, which had amassed over 4.99 GH/s hashrate. This move marks a rare instance of a 51% takeover in Monero, previously known for decentralization. While the motive behind this attack remains unclear, it’s causing alarm for investors and raising concerns about potential centralization threats to the network.