Crypto exchange Kraken has paused Monero (XMR) deposits due to a 51% attack on the network, with a single mining pool controlling over 50% of the hashing power. Qubic claims to have majority control of Monero’s hashrate, reorganizing six blocks. Monero is the 29th largest crypto by market cap.

Qubic, an AI-focused blockchain and mining pool, has assumed control of the Monero network’s hashing power after a month-long confrontation. A denial of service attack on August 4 reduced Qubic’s hashrate, but it recovered to control the majority. This event is seen as a significant moment in the industry.

Read more at CoinTelegraph: Kraken Temporarily Halts Monero Deposits After Monday’s 51% Attack