XMR Gains Ground While Skepticism Grows Over Qubic Attack
Monero’s price rebounded to around $276 after initial fears of a 51% attack by the Qubic mining pool drove it down to $233 earlier in the week.
While reports suggested Qubic controlled a majority of Monero’s hash power, skeptics argued the pool exaggerated its influence, estimating control closer to 38%. The controversy prompted exchanges like Kraken to suspend deposits, but community backlash—including miner boycotts, DDoS attacks, and rising use of decentralized pools—reduced Qubic’s hashrate share to about 30%.
The dispute highlights both Monero’s resilience and lingering concerns over its vulnerability to concentrated mining power.
Clever Robot News Desk 20th August 2025
