🔥Kraken Exchange temporarily suspends Monero (XMR) deposits after detecting a 51% attack on this blockchain network. Qubic, an AI mining group, claims to have gained control of a majority of Monero's hashrate and reorganized 6 blocks. A 51% attack occurs when a mining group controls more than 50% of the network's computing power, creating the risk of double spending and disrupting transactions. Despite being subjected to a distributed denial of service (DDoS) attack, Qubic restored its hashrate and continued to dominate, leaving the Monero community bewildered.

This event not only raises concerns about the security of Monero but also creates a significant turning point in the cryptocurrency industry. A $6 billion security protocol is facing challenges from an AI protocol worth only $300 million. This highlights the risks when mining power becomes overly concentrated in a small group, potentially affecting the stability and integrity of the network.