Inside Qubic’s Controversial 51% Takeover of the Monero Blockchain

Inside Qubic’s Controversial 51% Takeover of the Monero Blockchain

On June 15, Qubic executed a 51% attack on Monero (XMR), seizing control and sparking debates over blockchain security and decentralization. The incident involved $18M in XMR transactions. Qubic founder Sergey Ivanov defended the move, while Monero dev Riccardo Spagni condemned it. Network stability remains uncertain.

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