Kraken Halts Monero Deposits Amid Qubic Mining Pool’s Control Surge

Crypto exchange Kraken has temporarily halted Monero deposits, citing concerns about a mining pool gaining over 50% of the network’s hashing power. This move comes after Qubic, an AI-focused blockchain pool, recently gained control of a significant portion of Monero’s hashrate and reorganized blocks, raising alarm bells about potential control over the network and transaction history. While trading and withdrawals remain unaffected, Kraken will resume deposits only once the network stability is restored.