🚨 Dogecoin in the Crosshairs After Monero’s 51% Attack
According to BlockBeats, Qubic, the group behind the recent 51% attack on Monero, has hinted that their campaign isn’t over. Following a community vote, Dogecoin (DOGE) — with a market cap surpassing $35B — has been identified as the next potential target.
🔎 On Aug 12, Qubic successfully executed a 52.72% hash rate takeover on Monero (XMR), reorganizing 6 blocks, creating 60 orphan blocks, and mining 80% of the network’s blocks in just two hours using their Useful Proof of Work (uPoW) mechanism.
⚠️ The Monero exploit exposed serious vulnerabilities in blockchain security, sparking urgent debate over network resilience, decentralization, and long-term defense strategies. If Dogecoin faces a similar attempt, the implications could ripple across the entire crypto space.
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