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Monero Eyes ‘Detective Mining’ Defense After Qubic Attack

by admin August 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Monero (XMR) developers and pool operators are weighing a swift, software-level response to last week’s hashrate shock after the Qubic mining pool claimed it had briefly dominated the network and triggered a six-block reorganization. Former Monero lead maintainer Riccardo Spagni proposed deploying “detective mining,” a pool-side strategy he says can neutralize selfish-mining attacks without a hard fork. “A proposal to make Monero completely resilient to selfish-mining attacks, no protocol changes needed,” Spagni wrote, linking to a new Monero Research Lab issue that outlines the approach.

Qubic’s campaign culminated on Aug. 12 with public statements that it had surpassed 51% of Monero’s hashrate and “successfully reorganiz[ed] the blockchain,” part of what the project billed as a live “51% takeover demo.” Qubic itself characterized its method as “selfish mining,” a tactic that can win outsized rewards with as little as “33–40%” of hashrate, not necessarily a full majority.

Risk controls kicked in across the industry. Kraken posted a status notice in mid-August that it had paused XMR deposits “after detecting that a single mining pool has gained more than 50% of the network’s total hashing power,” keeping trading and withdrawals open while it monitored network integrity. The pause underscored how even short-lived reorganizations—Monero targets two-minute blocks, making six blocks roughly twelve minutes—can force exchanges to reassess confirmation policies.

Not everyone accepted Qubic’s framing. Analysts at the RIAT Institute argued “no 51% attack has happened,” citing data suggesting Qubic’s peak contributed far less than a true majority and noting that a six-block reorg is insufficient proof of sustained control capable of reversing fully confirmed transactions.

Detective Mining Could Shield Monero

Spagni’s “detective mining” proposal seeks to collapse the advantage of any pool attempting selfish mining by exploiting information already exposed in pool job messages. In pooled mining, Stratum job payloads include the previous block hash (“prevhash”). A detective miner (or a pool running a “sensor” proxy) subscribes to competing pools’ job streams; when a leaked prevhash doesn’t match the public tip, the pool immediately builds and broadcasts a valid child on top of the attacker’s hidden parent, forcing the selfish miner to reveal or lose its private lead. Because this operates entirely at the pool/Stratum-proxy layer, it requires “no consensus or protocol changes,” making it deployable on today’s Monero stack.

The economics are the point. Spagni’s summary of the underlying Lee–Kim model (2019) claims that if roughly half of network hashrate (i.e., the largest pools) adopt detective mining, the selfish miner’s break-even threshold jumps into the ~32–42% range depending on tie-breaking assumptions—eroding the attack’s profitability and, with wider adoption, wiping it out across tested splits. That is a materially higher hurdle than the classical Eyal–Sirer result, under which selfish mining can be profitable around one-quarter to one-third of hashrate.

Spagni’s issue also anticipates adversarial counter-moves. It recommends quorum-based detection from multiple sensors, short “grace windows” before diverting hashrate, and share-submission checks to defeat decoy jobs—all with rate limits and telemetry to tune false-positive risk. These are pragmatic pool-operator playbooks rather than protocol-level rules, aligning with Monero’s preference to harden incentives and operations before touching consensus.

For Monero, the next steps will be social as much as technical: major pools would need to ship and enable detective-mining logic for the defense to bite at the modeled thresholds. As of Aug. 19, the idea is a public proposal under active discussion rather than an adopted standard. But after a week in which a single pool’s campaign produced a measurable reorg and exchange-level mitigations, the path of least friction—pool software updates that raise the cost of selfish mining—has quickly become the center of gravity for the project’s short-term response.

At press time, XMR traded at $268.

XRP holds above the 0.382 Fib, 1-week chart | Source: XMRUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 20, 2025 0 comments
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Monero
GameFi Guides

Monero Attack: Kraken Suspends XMR Deposits Until It Is ‘Safe’

by admin August 18, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto exchange Kraken has announced a temporary stoppage of Monero (XMR) token deposits on its platform. This move comes in response to the ongoing 51% attack against the Monero blockchain, an open-source protocol and privacy-focused network.

For context, a 51% attack refers to a situation where a group of miners gains more than 50% of a blockchain’s mining hash rate. On Tuesday, August 12, Qubic, a project led by IOTA co-founder Sergey Ivancheglo, claimed that it has seized control of the majority of the Monero blockchain’s hash rate. 

According to the Qubic mining pool, the 51% attack was executed using a useful proof-of-work (uPoW or UPoW) mechanism. As reported on Bitcoinist, the Qubic team is taking half the mining profits in XMR, converting them into USDT to buy QUBIC tokens, and then sending them to a burn address.

Why Did Kraken Suspend Monero Deposits On Its Platform?

In an August 15 update on its website, Kraken announced that it is temporarily stopping the deposit of Monero tokens on its trading platform after detecting that a single mining pool has taken control of more than half of the blockchain’s total hashing power.

The cryptocurrency exchange said:

This concentration of mining power poses a potential risk to network integrity. We are actively monitoring the situation and will resume deposits once we determine it is safe to do so. Trading and withdrawals for XMR remain fully operational.

Following the release of Qubic’s claim, emerging reports on social media platform X revealed that there indeed was a six-block reorganization on the Monero blockchain, suggesting that the team does control a large enough portion of the hash rate.

As Kraken mentioned, it is worth noting that Qubic’s seizure and control of the majority of Monero’s total hashing power could be significantly detrimental to the decentralized ethos of blockchain technology. As it stands—with Qubic controlling 51% of the hash rate, the network is at risk of transaction censoring, double spends, and blocks reorganization, undermining the blockchain’s integrity.

XMR Price Overview

The reaction of the XMR price to these claims of a 51% attack on the Monero blockchain has been fairly measured. While the altcoin did lose more than 10% of its value immediately the news broke out and a further 5% in the subsequent days, the Monero token seems to be recovering well.

As of this writing, the Monero token is valued at around $265, reflecting a nearly 12% jump in the past 24 hours. Meanwhile, CoinGecko data shows that the altcoin is down by only 4% on the weekly timeframe.

The price of XMR on the daily timeframe | Source: XMRUSDT chart on TradingView

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 18, 2025 0 comments
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Can Monero’s XMR price surge 40% and revisit all-time high?
Crypto Trends

Kraken freezes Monero deposits, Qubic grabs 51% hashrate

by admin August 17, 2025



Kraken suspended Monero deposits after detecting that a single mining pool gained majority control of the network’s hashrate.

The exchange cited security concerns following what appears to be a successful 51% attack on the privacy-focused blockchain.

“As a security precaution, we have paused Monero (XMR) deposits after detecting that a single mining pool has gained more than 50% of the network’s total hashing power,” Kraken announced Friday.

The exchange added that the concentration of mining power poses a potential risk to the network’s integrity.

Source: Kraken announcement

Qubic, an AI-focused blockchain and mining pool, claimed it achieved 51% hashrate dominance over Monero following a month-long technical confrontation.

“After a month-long, high-stakes technical confrontation, Qubic reached 51% of Monero’s hashrate dominance, successfully reorganizing the blockchain,” Qubic representatives announced Tuesday.

Pool survives denial of service counterattack

While Monero community members initially denied the attack claims, mining pool statistics now confirm Qubic as the dominant Monero miner.

Qubic faced resistance during its takeover attempt, briefly falling to seventh place among Monero miners. On August 4, the pool suffered a denial-of-service (DDoS) attack, which significantly reduced its computational power.

The DDoS attack dropped Qubic’s hashrate from 2.6 gigahashes per second to just 0.8 GH/s, according to Sergey Ivancheglo, who claimed responsibility for the 51% attack. Denial-of-service attacks flood networks with fake traffic, disrupting legitimate operations.

Despite the counterattack, Qubic recovered its hashing power and accumulated enough computational resources to control majority network operations. Current mining statistics confirm Qubic’s position as the top Monero mining pool.

Kraken’s deposit suspension aims to prevent potential losses from double-spending attacks while the network remains compromised.

Other exchanges may implement similar measures until normal mining distribution resumes.

A 51% attack allows attackers to spend the same coins multiple times by reversing confirmed transactions. Exchanges become primary targets in such attacks since they handle large transaction volumes and hold significant cryptocurrency reserves.

The Monero network’s proof-of-work consensus mechanism requires majority hashrate control to validate transactions. Qubic’s dominance theoretically gives it the power to reorganize blocks and censor transactions on the network.



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August 17, 2025 0 comments
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Kraken Pauses Monero Deposits After 51% Attack Claims
Crypto Trends

Kraken Pauses Monero Deposits After 51% Attack Claims

by admin August 17, 2025



Crypto exchange Kraken has paused deposits of Monero (XMR) after warning of a potential 51% attack on the privacy-focused blockchain. The exchange said withdrawals and trading remain open, and deposits will resume once the network is deemed safe.

A 51% attack occurs when one entity controls more than half of a blockchain’s computing power, enabling it to reorder transactions and potentially double-spend. Kraken said on Friday that a single mining pool had surpassed that threshold, posing a risk to network security.

The claim follows an announcement by Qubic, a layer-1 blockchain project with an AI focus that also operates a mining pool. On Monday, Qubic said it controlled the majority of Monero’s hashrate and had reorganized six blocks. The statement was met with skepticism from parts of the Monero community, which denied an ongoing attack.

Monero, the 29th largest cryptocurrency by market capitalization at about $6 billion, is one of the industry’s most prominent privacy-preserving protocols. News of the alleged attack has triggered concern across its community and raised questions about the security of proof-of-work chains with concentrated mining pools.

Qubic’s rise to majority control followed weeks of turbulence. Earlier this month, the pool fell to seventh place among Monero miners after suffering what was described as a distributed denial-of-service (DDoS) attack on August 4. 

The attack reduced its hashrate from 2.6 gigahashes per second to 0.8 GH/s, according to Sergey Ivancheglo, the blockchain developer who claimed responsibility for the takeover attempt.

The pool later recovered, regaining strength and eventually crossing the 50% mark. Qubic described the achievement as a turning point, noting the significance of a $300 million AI-focused blockchain pool overtaking a $6 billion privacy network.

For now, Kraken has said Monero deposits will stay suspended until the network is stable. The incident has intensified debate over the vulnerabilities of smaller proof-of-work ecosystems when a single mining pool accumulates excessive dominance.

Also Read: Turkish Exchange BtcTurk Hacked for $48M in Latest Crypto Exploit





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August 17, 2025 0 comments
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Monero crypto remains bullish as price corrects into high-probability value zone
GameFi Guides

Monero crypto remains bullish as price corrects into high-probability value zone

by admin June 14, 2025



Monero has posted a powerful bullish breakout, shifting its market structure and confirming a change in the character of price action. Following the impulsive rally, XMR is now undergoing a correction, one that may provide the ideal foundation for a continuation toward higher targets.

After breaking market structure with a strong upward surge, Monero (XMR) has entered a corrective phase, which is natural and expected following such impulsive price action. The key to the current move lies in where the correction finds support. Technical confluence zones offer valuable insight into where buyers may re-enter the market, and for Monero, that zone appears to be forming around the $269 region.

Key technical points

  • Bullish Breakout Confirmed: XMR broke above key resistance and confirmed a shift in trend with higher highs and higher lows.
  • Healthy Pullback in Progress: A correction is now underway, setting up for a potential higher low formation.
  • $269 Support Confluence Zone: This level aligns with the 0.618 Fibonacci retracement, VWAP support, and the 200-day moving average.
  • Upside Targets at $338 and $417: These resistance levels remain open if the bullish structure continues from support.

XMRUSDT (1D) Chart, Source: TradingView

Monero’s impulsive rally signaled a clear shift in market behavior, breaking the prior range and confirming bullish intent. With price now pulling back, this phase should not be viewed as weakness, but rather a viable correction in a strong uptrend.

The $269 level is now the critical support area to monitor. It brings together several high-probability technical factors:

  • 0.618 Fibonacci retracement from the recent swing
  • VWAP (Volume Weighted Average Price) support
  • The 200-day moving average, which serves as a long-term dynamic support
  • Historical high-timeframe structure

This confluence creates a strong foundation for bulls to defend. A bounce from this region would confirm a higher low formation, in line with the newly established bullish structure.

If this support holds, Monero is positioned to rotate higher toward $338, the next local resistance, followed by a potential test of the $417 level, a key area that previously capped bullish momentum. Breaking these zones would establish a continued bullish trend with further upside potential.

What to expect in the coming price action

As long as $269 holds, Monero remains technically bullish. This zone acts as the likely candidate for a higher low, setting the stage for another leg upward. Confirmation from this level could propel XMR toward $338 and eventually $417. Watch for strong reaction volume and structure above $269 to validate the continuation.



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June 14, 2025 0 comments
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Can Monero’s XMR price surge 40% and revisit all-time high?
Crypto Trends

Monero price eyes $500, but $420 stands as the next key hurdle

by admin June 2, 2025



Monero price rose for three consecutive days as investors bought the dip following last week’s crash. 

Monero (XMR) climbed to $365, its highest point since May 28, and now sits 16% above its lowest level from last week.

The rebound happened even as Bitcoin (BTC) and other cryptocurrencies wavered. It happened as the demand for privacy coins like Horizen (ZEN) and Zcash (ZEC) jumped. 

On-chain data shows that Monero’s exchange outflows surged to $8.9 million last week—the largest jump this year. Exchange outflows typically indicate that investors are moving tokens into self-custody, a potentially bullish signal.

Monero’s funding rate has remained positive since May 15, suggesting that traders expect future prices to be higher than the current spot price. A positive funding rate is often viewed as a bullish catalyst, as crypto.news reported.

Monero token has been in a strong bullish trend in the past few months after spending three years in a consolidation phase. This rebound happened after a US court ruled against the Treasury Department for sanctioning Tornado Cash, a crypto mixer. The department was then forced to remove sanctions earlier this year.

XMR’s momentum further accelerated after hackers reportedly used the coin to move over $300 million in suspected stolen funds. Monero is considered ideal for illicit transactions due to its privacy-enhancing features, including ring signatures, stealth addresses, and ring confidential transactions.

These technologies ensure transaction anonymity. For example, ring signatures obscure the sender by blending their signature with decoys, while stealth addresses generate a one-time address for each transaction, further masking recipient details.

Monero price technical analysis

XMR price chart | Source: crypto.news

The daily chart shows that XMR has been in a sustained bull run since February 2024, when it was trading at $100.90. The token remains above both the 50-day and 100-day Exponential Moving Averages.

It has rebounded to $366 from last week’s low of $312. The Relative Strength Index and the MACD have all pointed upwards. 

For the rally to continue, Monero must break above resistance at $420, its highest point this year. A successful move above this level would invalidate the double-top pattern, whose neckline sits at $312, and could signal a further rally toward $500. Conversely, a drop below the $312 support would invalidate the bullish outlook.



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June 2, 2025 0 comments
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Can Monero’s XMR price surge 40% and revisit all-time high?
NFT Gaming

Monero breaks out as privacy demand surges post-Tornado Cash

by admin May 25, 2025



Monero price has been in a relentless bull run this year, and is not losing steam as bulls target the all-time high. 

Monero (XMR), the biggest privacy-focused coin, has risen for seven consecutive weeks, reaching a high of $402. Last week was its best one in this cycle as it jumped by over 20%. 

XMR price has jumped by almost 300% from its lowest level in 2024, bringing its market cap to $7.4 billion. This performance is notable for a coin delisted by most tier-1 exchanges like Coinbase and Binance. Most of its trading is happening in KuCoin, HTX, and MEXC. 

Observers credit the Monero price jump to rising demand for privacy-focused coins as Tornado Cash, a decentralized, noncustodial privacy protocol built on the Ethereum blockchain, continues to face legal issues. ZCash (ZEC) price rose to $50, its highest level since January, and 95% above its lowest point this year. 

Monero also jumped after a suspicious transfer of over 3,520 Bitcoins (BTC) worth $330 million into XMR. ZachXBT noted that the transfer was likely linked to a hack, although more details have not emerged. 

Some analysts believe that Monero could see more demand as crypto hacks rise. Just last week., Cetus Protocol, a decentralized exchange on Sui, was drained about $223 million by hackers. 

Hackers prefer Monero to stablecoins like USDT and USDC because their transactions are complex to track. Monero ensures this privacy using ring signatures, stealth addresses, and ring confidential transactions. 

In ring signatures, it groups several transactions, making it hard to determine the true sender. It also uses stealth addresses, generating a unique, one-time address for every transaction. And in ring confidential, it hides the transaction amount. 

Monero price technical analysis

XMR price chart | Source: crypto.news

The weekly chart shows that the XMR price has surged this year after spending three years in a tight range between $127 and $187. This price action is a sign that it has moved into the markup phase of the Wyckoff Theory, which is usually characterized by higher demand than supply. 

Monero has remained above the 50-week and 100-week Exponential Moving Averages. The Relative Strength Index shows that it has become highly overbought.

Therefore, the bullish trend will likely continue as bulls target the all-time high of $517, about 27% above the current level. After hitting that resistance, it will likely enter the Wyckoff Theory’s distribution phase and pull back.



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May 25, 2025 0 comments
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