🚨YOUR PRIVACY IS DYING! Monero Under ATTACK!!!!

There is major turmoil on the Monero network right now! A layer 1 blockchain called Qubic is claiming it has achieved 51% control of Monero's hashrate. This month long effort culminated in a six block chain reorganization that discarded 60 previously valid blocks.

Qubic says this proves they carried out a successful 51% attack, but other developers are not so sure. While a chain reorganization does not necessarily mean a successful attack, Zhong Chenming of SlowMist says that "this time the 51% attack on Monero seems to have succeeded".

This is a stark reminder that even well known networks are not immune to attacks. A 51% attack can allow an attacker to rewrite transactions and even censor them. This is a major event in the crypto world, and the price of Monero has already fallen 8.6% amid the chaos. #XMR #Monero #Privacy #CryptoMarketNews #CryptoMarketWatch