Monero 51% Attack: Qubic Pool Dominance and Reorg Risk

I’m reporting that SlowMist’s founder indicated the Qubic mining pool has effectively executed a 51% attack on Monero, seizing control of the majority of the network’s hashrate. A significant chain reorganization has been observed, and with Qubic’s current dominance they can potentially rewrite transaction history, perform double-spend attacks, and censor transactions across the blockchain. The Ledger CTO warned sustaining such control could cost around $75 million per day.

I’m highlighting this critical security situation for Monero users and the wider crypto community, underscoring the immediate risks posed by hashrate centralization, chain reorgs, and the potential for irreversible financial damage through double-spends and censorship.