🚨 Monero Faces 51% Attack Scare



Privacy coin Monero (XMR) is under pressure after Qubic—led by IOTA co-founder Sergey Ivancheglo—claimed control of over 51% of its network hashrate, sparking fears of block reorgs, transaction censorship, and double-spends.

💥 Impact:

Price dropped ~6–11% in 24h.

Community reportedly launched DDoS attacks against Qubic’s mining pool, briefly slashing its hashrate before recovery.

Debate grows over Monero’s decentralization and resilience.

📅 Looking Ahead:

Unstoppable Wallet will add XMR support on Aug 18—a boost after Exodus dropped it.

Privacy coins face rising regulatory scrutiny, and this event intensifies security concerns.

📊 Key takeaway: While Monero’s community is fighting back, its security model is under the spotlight like never before.

#security# #privacy# #monero#
QUBIC7.73%
IOTA-5.25%
IN-14.36%
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Surrealist5N1Kvip
· 08-13 05:59
Great share, congratulations 🙌🏻 you're amazing as always 💜💜
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