Qubic Mining Pool Seizes Majority Control in Major Monero Network Attack

The Monero community is on high alert after SlowMist’s founder confirmed that the Qubic mining pool has likely pulled off a successful 51% attack. With control over most of the network’s hashrate, Qubic has already caused a major chain reorganization, a move that could let it rewrite transaction history, launch double-spend attacks, and block transfers entirely. Ledger’s CTO warns that keeping such control could cost a jaw-dropping $75 million per day.