Monero 51% Attack: Qubic Controls Hashrate, Risking Double-Spends
I believe the SlowMist founder's assessment that the Qubic mining pool has pulled off a successful 51% attack on Monero is credible. Reports say Qubic now controls most of the network's hashrate, and a significant chain reorganization has been detected. Given that dominance, Qubic would be in a position to rewrite blockchain history, execute double-spend attacks, and censor transactions on the Monero network. The Ledger CTO also noted that sustaining such an attack could cost roughly $75 million per day.
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