Monero is suspected of a 51% attack! Ledger's CTO: Qubic controls the majority of the hashing power and can rewrite the XMR blockchain and implement double spend.

A shocking message has been circulating in the cryptocurrency world! Ledger's Chief Technology Officer Charles Guillemet posted on social platform X today, indicating that Monero (XMR), which focuses on privacy protection, seems to have suffered a 51% attack. He stated that the Qubic platform, founded by IOTA co-founder Sergey Ivancheglo, has been secretly accumulating computing power for months and now controls the majority of the Monero network's computing power, causing a significant blockchain reorganization this morning. This move enables Qubic to rewrite the Monero blockchain, implement double spend, and even censor any transactions, severely threatening Monero's decentralized nature: [Blockquote translation remains the same as in the original text] Regarding this news, Yu Xun, founder of the well-known blockchain security company Slow Mist, also reposted Guillemet's tweet and said he has been following this matter for some time. He pointed out: [Blockquote translation remains the same as in the original text] Yu Xun warned that the Qubic mining pool can theoretically rewrite the blockchain, enable double spend, or censor transactions, and related platforms should closely monitor potential threats and remain vigilant. [Rest of the article translated similarly, maintaining the original structure and meaning] Affected by this news, Monero dropped 8.8% at the time of writing, temporarily reporting at $251, with a market value of approximately $4.6 billion.