Main to remember
- Kraken interrupted Monero’s deposits after a single mining swimming pool has entered more than 50% of the network’s hash.
- XMR was spent for the last time almost $ 257, down approximately 6% in last week.
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Kraken suspended the Monero (XMR) deposits after detecting that a mining pool had taken control of more than half of the total network’s hashrate, which raises concerns concerning the centralization and security of the network, according to his state page.
Kraken actively monitored the situation and will resume deposits once he determines that the conditions are safe. The exchanges and withdrawals for Monero remain fully operational on the platform.
The break intervened after Qubic Mining Pool, led by the co-founder of the Iota, Sergey Ivancheglo, said he obtained control of more than 51% of Monero’s hashrate, which could theoretically allow the reorganization of blocks, transactions censorship or double expenditure attacks.
Ivancheglo said in a statement that this decision was aimed at exposing vulnerabilities and preparing the Monero community for future threats.
Looks like #Qubic has reached 51% #OneroWe are expecting independent confirmations. Waiting #Onero The team polishes the details of their 51%attack protection.
Many have accused us of being sponsored by agencies of 3 letters to attack this piece Anon. What do you think …-come-of-beyond (@C___F___B) August 12, 2025
XMR fell earlier this week after the reported attack. The token was negotiated nearly $ 257 when writing the editorial’s time, down around 6% in last week, according to TradingView.
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