Recent days have seen the cryptocurrency market shaken by an attack on the Monero (XMR) network, raising serious security concerns.
About the Attacks on Monero
Last week, the Monero network faced a serious security threat when a mining pool captured more than 50% of the network's processing power. The Qubic team, focused on artificial intelligence in blockchain, took responsibility for the attack.
Qubic's Voting Results
Qubic founder Sergey Ivancheglo conducted a poll among community members to choose the next target for a 51% attack. Ultimately, Dogecoin (DOGE) received over 300 votes, significantly surpassing the support for other proposed altcoins.
Kraken's Reaction
Following the announcement of the majority control over Monero, cryptocurrency exchange Kraken temporarily suspended trading for this altcoin. They stated that the action was related to a 'potential risk to network integrity'.
These events raise questions about future security threats in the cryptocurrency space and how the community is responding to such attacks.
