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XMR

Monero 51% Attack Forces Kraken Deposit Halt — Avoid Buying Until Network Secured

I see Kraken suspending Monero (XMR) deposits after a reported 51% attack as a clear sign of acute network risk and exchange caution. The suspension reflects real double-spend vulnerability and immediate operational disruption.

I expect heightened volatility and liquidity strains until the chain regains sufficient, distributed hashpower and exchanges confirm replay/reorg protections. I will avoid initiating new buys during this uncertainty and monitor technical fixes and statements from major exchanges and developers.

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Analysis

A 51% attack enables double-spend and undermines transaction finality, prompting exchanges to halt deposits to prevent losses. This causes immediate market disruption, potential sell pressure, and rep...

Recommendation

Don't buy XMR right now; wait for confirmed technical remediation, restored hashrate distribution, and exchange reopenings. Consider re-evaluating for a partial buy only after independent confirmation...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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