Qubic’s Selfish Mining Claims Raise Concerns Over Monero’s Network Stability Amid Ongoing Attack

Key Points

1. Monero experienced 60 orphaned blocks in 24 hours due to Qubic's selfish mining tactics, leading to network disruption.

2. Qubic's attack involves redirecting computing power to mine Monero (XMR) and selling proceeds to buy and burn QUBIC tokens, incentivizing selfish mining.

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

4. The attack has caused Monero's price to drop over 8.6% in 24 hours, reflecting market concerns.

5. Legal experts suggest Qubic's actions could be classified as 'computer sabotage' or 'unauthorized access' under Belarusian and EU laws, though no statutes explicitly address 51% attacks.