Monero 51% Attack: Why AI Protocol Qubic Says It’ll ‘Help’ the Privacy Chain
The post Monero 51% Attack: Why AI Protocol Qubic Says It’ll ‘Help’ the Privacy Chain appeared on BitcoinEthereumNews.com.
In brief Qubic said that it had momentarily achieved control of 51% of the hash rate of privacy blockchain Monero. The firm said the event was an “experiment” and a way to “help” the network. However, a few experts said there had been no independent verification of the attack. AI protocol Qubic said it had taken control of Monero after a 51% attack on the privacy blockchain, potentially allowing the protocol’s mining pool to manipulate transactions data and other information—although security experts cast doubt on the event’s success. The group said its “experiment” was successful and done to “help” the network protect itself against future attacks. “Qubic has reached over 51% of Monero’s hashrate, effectively giving it control of the network,” the company said in an X post that referenced a company blog entry. “Qubic chose not to launch the takeover yet, proving a powerful theory by action. But this story isn’t over yet. What’s next for Qubic and the future of [proof-of-work] chains?” A 51% attack occurs when a single entity or group of miners controls a majority of a proof-of-work blockchain network’s hash rate or computational power, potentially giving it the ability to manipulate transactions and double-spend coins. Prominent proof-of-work chains include Bitcoin and Dogecoin, as well as Monero. Qubic has reached over 51% of Monero’s hashrate, effectively giving it control of the network. Qubic chose not to launch the takeover yet, proving a powerful theory by action. But this story isn’t over yet. What’s next for Qubic and the future of PoW chains? Article below⏬ pic.twitter.com/JqQNqpy95j — Qubic (@_Qubic_) August 12, 2025 The attack reintroduces longstanding fears about a blockchain vulnerability that allows attackers to take control of a network and manipulate it to their benefit, the detriment of users, or both. In a two-year period starting…
Filed under: News - @ August 13, 2025 2:26 am