Monero price dips as Qubic likely succeeds in 51% attack

Key Points

1. Monero saw 60 orphaned blocks in the last 720 blocks, indicating a major disruption likely caused by Qubic's economic attack.

2. Qubic's founder Sergey Ivancheglo claimed the network achieved 51% control over Monero, though some experts dispute the success of the attack.

3. Monero's price dropped over 8.6% to $247 amid the attack and network instability.

4. Cybersecurity experts like Zhong Chenming suggested the attack may have succeeded, but others, like Luke Parker, argue it was not a full 51% attack.

5. Qubic's actions, including selfish mining and economic incentives, have raised legal concerns, with some experts labeling them as potential 'computer sabotage' under EU and Belarusian laws.