Monero Vulnerability Exposed — Deposits Paused After 51% Attack
I see Kraken pausing Monero deposits as a clear sign the network is under stress after a 51% attack. I view this as a material short-term risk for XMR until chain confidence and exchange safeguards are restored.
I expect increased volatility and potential outflows while custodians and miners implement countermeasures. I am monitoring for confirmed protocol fixes, longer reorg protection, or coordinated exchange responses before changing my stance.
Analysis
Recommendation
Watch the situation: avoid new longs until exchanges reopen deposits and developers publish defensive fixes; consider reducing exposure if you prioritize capital preservation.
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.