Kraken Halts Monero Deposits Following 51% Attack, Raising Network Security Concerns

Crypto exchange Kraken has suspended Monero (XMR) deposits following a 51% attack on the privacy-focused blockchain, prioritizing user security. The move comes after Kraken acknowledged that a single mining pool gained control over more than 50% of the network’s computing power. This concentration of power creates potential threats to the network’s stability and integrity.