The Qubic community, after executing a 51% attack on Monero, has voted to target Dogecoin next. Sergey Ivancheglo, founder of Qubic, announced the decision after receiving over 300 votes in favor of attacking Dogecoin, which has a market cap of $35 billion.

Qubic successfully gained control of the Monero network’s computing power, causing concern for blockchain networks reliant on mining. The team now commands a hashrate of 2.32 gigahashes per second and aims to provide security for the Monero protocol through its miners.

Despite the attack on Monero, its core functionality remains intact. However, Kraken temporarily suspended Monero deposits due to the potential risk posed by the 51% takeover. XMR withdrawals and trading are still available, with deposits set to resume once deemed safe by the exchange.

Read more at Cointelegraph: Monero’s 51% Attacker, Qubic, to Target DOGE Next