Monero rose on Sunday despite an 18-block reorg just hours prior that reversed around 117 transactions in the latest attack by Qubic.
Several solutions have been proposed to bolster Monero’s proof-of-work consensus mechanism to prevent 51% attacks on the network.
Charles O. Parks III, who admitted to misusing $3.5 million worth of resources from two cloud computing providers to mine crypto, was sentenced to one year and one day in prison.
The AI-driven Qubic network’s latest vote signals growing risks for major proof-of-work chains, with Dogecoin chosen as its next focus.
Withdrawals and trading for Monero (XMR) on the Kraken exchange remain open, and deposits will resume once it is safe, the exchange said.
Qubic claimed it achieved 51% control of Monero’s hashrate, prompting debate over whether the resulting six-block reorganization was a successful attack.
The Qubic mining pool, which is attempting a 51% takeover of Monero, is allegedly being hit by a distributed denial-of-service attack linked to the Monero community.
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Monero is facing a controversial, economically powered hashrate takeover attempt by Qubic, a mining pool and crypto network led by Iota co-founder Sergey Ivancheglo.
British national Kai West, known online as “IntelBroker,” has been indicted for allegedly selling stolen data on BreachForums, causing over $25 million in damages.