🚨 SlowMist founder claims the 51% attack on Monero by the Qubic mining pool appears to have been successful.

Qubic now controls the majority of the network's hashrate.

"Now, in theory, the Qubic mining pool can rewrite the blockchain, execute double spends, and censor any transaction..."

Ledger's CTO notes, however, that maintaining the attack could cost $75 million per day.

The community seems highly skeptical about the reality of this 51% attack, believing Qubic would only reach around 33% of the hash rate.

The reaction is immediate, with $XMR plummeting by nearly 13%.