Led by Sergey Ivancheglo, Qubic managed to temporarily control Monero’s hash rate. This move highlighted vulnerabilities in cryptocurrency security and prompted reactions such as Kraken suspending Monero deposits.
After the Monero attack, Dogecoin emerged as Qubic’s next focus, raising alarm about potential implications for the cryptocurrency community. Monero’s value saw a significant decline, signaling the seriousness of these vulnerabilities.
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