The AI-focused blockchain project Qubic community has successfully carried out a 51% attack on Monero and gained control of the majority of network computing power. Recently, the Qubic community voted to make Dogecoin (DOGE) the next target.
Qubic founder Sergey Ivancheglo calls on the community to choose the next blockchain target for attack, with options including DOGE, Kaspa, and Zcash. The results show overwhelming support for Dogecoin.
Dogecoin's market value exceeds $35 billion, with its votes surpassing the total of all other candidate blockchains.
The successful attack on Monero by Qubic has shocked the cryptocurrency world, and the newly selected target, Dogecoin, could pose a threat to digital asset blockchains that rely on mining.
The Qubic team announced that it has successfully gained majority computing power on the Monero network. This attack led to the cryptocurrency exchange Kraken suspending Monero deposits, but withdrawals and trading remain open. These measures will continue until the security risks are resolved.
