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Qubic Mining Pool Takes Over Monero Network in Major 51% Attack

Published by
Sohrab Khawas

SlowMist’s founder confirmed that the Qubic mining pool has successfully carried out a 51% attack on Monero. Qubic now controls most of the network’s hashrate, causing a significant chain reorganization. This control lets Qubic rewrite transaction history, perform double-spend attacks, and block transactions. Ledger’s CTO warned that sustaining this attack could cost around $75 million per day, highlighting serious risks to Monero’s network security.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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