Monero isn’t being hacked — it’s being bought.

A mining pool called Qubic, run by IOTA cofounder Sergey Ivancheglo, is quietly accumulating hashrate by overpaying miners in its own token, QUBIC, while keeping the real XMR.

The goal? Reach 51% hashrate and control the network.

➡️How the attack works:

🟢Miners get paid in QUBIC, not XMR

🟢Qubic hoards XMR and burns QUBIC to pump its price

🟢More miners join as rewards rise

🟢Qubic gains control without writing a single line of malicious code

➡️If Qubic crosses 51%, they can:

🟢 Censor or delay transactions

🟢 Reverse blocks

🟢 Force protocol changes

🟢 Undermine Monero’s privacy guarantees

And it only costs ~$10K/day — cheaper than banner ads.

➡️Why Monero is vulnerable:

🟢 Mobile CPU miners (RandomX)

🟢 Fixed low block rewards (0.6 XMR)

🟢 Zero-fee network

🟢 Good usage, but poor economic defense

➡️What the community is doing:

🟢 Promoting P2Pool

🟢 Advising 13 confirmations

🟢 Considering a hard fork

🟢 Issuing public warnings

This is a new kind of attack — economic, not technical.

If Monero can be bought, it can be broken.

Privacy can’t survive without strong incentives.

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