Kraken Halts Monero Deposits Amid 51% Attack Fears – A Wake-Up Call for Crypto Security
Kraken has temporarily suspended Monero deposits (XMR) due to concerns over a potential 51% attack . This move highlights the vulnerabilities lurking in even the most privacy-focused blockchains, sparking broader discussions on network security in the crypto space. Kraken Halts Monero Deposits Amid 51% Attack Fears Kraken Halts Monero Deposits – Key Features Hashrate Takeover : Qubic controlled more than 51% of Monero’s mining power temporarily, allowing for potential blockchain manipulations. Network Impact : A reorganization of blocks occurred, but no confirmed double-spending or theft was detected. Community Reaction : Forums like Reddit and X buzzed with debates, with some calling it a “death kiss” for Monero’s decentralization, while others praised it as a valuable lesson for improving pool diversity. Technical Vulnerabilities : Despite RandomX’s ASIC-resistant design, concentrated computing power from projects like Qubic exposed gaps in PoW systems. Kraken Hal...