Monero hit by critical 51% attack as Qubic gains control of network

The privacy-focused Monero blockchain has suffered a 51% attack, meaning the network is not controlled by a single entity. On Aug. 12, Sergey Ivancheglo, known in the crypto community as “Come-from-Beyond” (CFB), claimed on X that Qubic had surpassed 51% of Monero’s network hash rate, saying: “Looks like Qubic has achieved 51% over Monero, we The post Monero hit by critical 51% attack as Qubic gains control of network appeared first on CryptoSlate.