The Kraken platform, one of the largest cryptocurrency exchanges, suspended deposits of Monero (XMR) as a precautionary measure following claims of a "51%" attack on the network. The platform explained that this measure aims to protect users, confirming that trading and withdrawals are still operating normally.
The Qubic protocol, which relies on artificial intelligence, claimed that it managed to control the majority of the hashing power of the Monero network, which is known as a "51%" attack. This type of attack allows the attacker to control the network and rearrange transactions.
The debate revolves around the validity of the attack.
The Qubic claim faced strong opposition from the Monero community, which sees that the protocol has not surpassed 35% of the total network hashing power. Some critics consider what happened to be just an unconventional mining strategy and not complete control.
Resilience of Monero's price
Despite the ongoing controversy, the price of Monero has shown significant resilience. According to the data, the price of XMR rose by more than 10% in 24 hours, reaching around $264. This increase reflects investor confidence in the network and its ability to recover.
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