Overview
- Qubic’s mining pool announced it had surpassed the 51% threshold of Monero’s hashrate, citing data on deep chain reorganizations and dozens of orphaned blocks
- Security researchers and public dashboards confirmed elevated reorgs of up to six blocks but warned there is no independent proof of sustained consensus control
- Community-led boycotts and coordinated miner redirection slashed Qubic’s apparent hash share from about 45% to under 15% within hours
- Monero’s XMR price fell roughly 8.5% intraday and over 17% in a week as traders reacted to centralization fears and network instability
- Developers and analysts are debating economic incentive adjustments, proof-of-work algorithm changes and other protocol safeguards to prevent future attacks