Attention Altcoin Investors! After the Monero (XMR) Attack, This Altcoin Was the Next Target!

The controversial altcoin Monero (XMR) attack that has been shaking the market in recent days is leaning in a different direction.

As you may recall, the Monero (XMR) network experienced a serious security concern last week when a mining pool captured more than 50% of the network’s total processing power (hashrate).

While it was stated that the 51 percent attack poses a potential risk to the integrity of the network, Qubic claimed responsibility for this attack.

Qubic, the artificial intelligence-focused blockchain project that carried out a 51% attack on Monero and seized the majority of the network’s processing power, did not sit idle and identified its new target, even though the Monero attacker is very new.

At this point, Qubic network founder Sergey Ivancheglo asked the Qubic community which altcoin the group should target next with a 51% attack.

In a poll initiated by Sergey Ivancheglo, members were asked to choose between Dogecoin (DOGE), Kaspa (KAS), and Zcash (ZEC) as the next attack.

Ultimately, the Qubic community voted to target Dogecoin in the next planned 51% attack.

Dogecoin received over 300 votes, surpassing all other candidates combined.

These results come just after Qubic announced that it had captured 51% of Monero’s hash rate in a previous attempt.

What happened?

Last week, the Qubic team announced that it had gained majority control over the processing power used to secure the Monero network.

“The core functionality of the Monero network remains intact. Its privacy, speed, and availability have not been compromised,” the team said in a statement.

The team stated that their goal is to ensure the security of the Monero protocol is ensured by Qubic miners.

However, Kraken temporarily suspended Monero trading. The exchange halted deposits, citing a “potential risk to network integrity” caused by a single miner taking over 51% of Monero.

*This is not investment advice.

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