Monero Survives 51% Attack Despite Hashrate Concerns
TL;DR Summary
Monero (XMR) experienced a 51% attack impacting its network integrity, yet its price rose by $11 in 24 hours, reaching $266 amid increased trading volume. The attack raised concerns over decentralization and stability, but XMR's price showed signs of a bullish breakout despite potential risks of a pullback. The incident highlights ongoing security challenges in the crypto space.
- Monero survives 51% attack – XMR jumps $11 in 24 hours AMBCrypto
- Kraken pauses Monero deposits following 51% attack Cointelegraph
- Monero faces chain reorganization fears after Qubic says it controls 51% of hashrate The Block
- Qubic Claims Majority Control of Monero Hashrate, Raising 51% Attack Fears CoinDesk
- Monero hit by critical 51% attack as Qubic gains control of network CryptoSlate
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