Kraken Suspends Monero Deposits Following Network Security Breach

Kraken, a leading cryptocurrency exchange, has temporarily halted deposits of the privacy-focused coin Monero (XMR) following what appears to be a suspected 51% attack on the network. The incident underscores ongoing security concerns in the rapidly evolving crypto sector. Kraken’s response emphasizes the urgent need for robust safeguards against such threats, highlighting the challenges facing cryptocurrency platforms and users alike.