Monero | Crypto

The privacy-focused Monero blockchain has suffered a 51% attack, meaning the network is not controlled by a single entity. XMR dropped just shy of 9% after developers flagged the event. On Aug. 12, Sergey Ivancheglo, known in the crypto community as “Come-from-Beyond” (CFB), claimed on X that Qubic had surpassed 51% of Monero’s network hash […] The post Monero hit by critical 51% attack as Qubic gains control of network appeared first on CryptoSlate.

The Qubic mining pool, which is attempting a 51% takeover of Monero, is allegedly being hit by a distributed denial-of-service attack linked to the Monero community. Update (Aug. 4, 2025, at 1:50 pm UTC): This article has been updated to add commentary by XMRig developer Sergei Chernykh. A mining pool behind an attempted 51% takeover of Monero is reportedly under a distributed denial-of-service (DDoS) attack, disrupting the effectiveness of its attempt. In a Sunday X post, Sergey Ivancheglo, who claims responsibility for the takeover attempt, said the Qubic mining pool he controls is under a DDoS attack. He added that the attack resulted in the mining pool’s hashrate falling from 2.6 gigahashes per second down to 0.8 GH/s. Read more

A fast‑moving fight over mining power consumed Monero’s weekend after Sergey Ivancheglo used X to promote an “economic” campaign to dominate the network’s hashrate, which was met by community resistance. The fight escalated after Ivancheglo, the figure behind Qubic and better known as Come‑from‑Beyond (CFB), confirmed the takeover intentions with an incentive-driven 51% attack. As […] The post Monero community pushes back as Qubic’s 51% hash rate bid falters appeared first on CryptoSlate.

Monero is facing a controversial, economically powered hashrate takeover attempt by Qubic, a mining pool and crypto network led by Iota co-founder Sergey Ivancheglo. Privacy-focused Monero is facing what appears to be an attempted network takeover by former top mining pool Qubic, prompting community backlash and concerns over hashrate centralization. As of Monday, Qubic had fallen from the top spot on the Monero (XMR) mining pool rankings to seventh, according to MiningPoolStats data. After the community noticed the pool looked to be openly performing a network takeover, the pool’s hashrate plummeted until it fell into its current position as the seventh-largest XMR mining pool. In a June 30 blog post, Qubic revealed that it had begun incentivizing Monero CPU mining via its own network. The mined XMR would then be used to fund buybacks and token burns for the Qubic ecosystem. “QUBIC miners now perform real-world tasks (Monero mining) that generate real market value, which in turn strengthens the QUBIC economy...

An international law enforcement effort has dismantled one of the world’s largest and longest-running criminal marketplaces on the darknet, arresting its suspected German operator in Spain and seizing millions in illicit assets, according to a June 16 press release. The takedown, coordinated by the Frankfurt Public Prosecutor’s Office, Germany’s Federal Criminal Police Office (BKA), the […] The post US DOJ, Europol seize world’s largest dark web drug market operating via Monero appeared first on CryptoSlate.