Privacy-focused cryptocurrency Monero faced a disruption with 60 blocks discarded due to an attempted 51% attack by the Qubic network. Miners redirect computing power to mine Monero and earn more than Monero miners. Concerns of a possible 51% attack arise as Monero’s price drops over 8.6% to $247.

Qubic openly engages in selfish mining, claiming 51% control over Monero. Cybersecurity experts warn of successful 51% attack, allowing for double-spending and transaction censorship. Doubts remain as Monero’s hashrate evaluation suggests insufficient control for a 51% attack. Reports of a successful attack disputed by some experts.

Qubic and Monero are embroiled in a hack war, with accusations of selfish mining and denial-of-service attacks. Qubic’s economic attack on Monero aims to control the network through economic incentives. Legal implications of the attack are debated under Belarusian and EU laws. Concerns arise over potential blockchain manipulation disruption.

Read more at Cointelegraph: Monero Sees Hiccups as Qubic Likely Succeds in 51% Attack