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TechFlow news, on August 12, SlowMist founder Yu Xian posted on social media stating, "The 51% attack against Monero appears to have succeeded. The Qubic mining pool can now theoretically rewrite the blockchain, achieve double-spending, and censor any transactions. The attack is costly, and it remains unclear what economic gains the attacker might have achieved. Relevant platforms are advised to be aware of potential threats and stay vigilant."
Cosine, founder of SlowMist, posted on social media stating, "The 51% attack against Monero appears to have succeeded. The Qubic mining pool can now theoretically rewrite the blockchain, enable double spending, and censor any transactions. This attack is costly, and it remains unclear what economic gains the attacker might achieve. Relevant platforms are advised to pay attention to potential threats and stay vigilant."
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