Crypto Excination Kaken has temporarily suspended Monero (XMR) deposits due to the 51 % ongoing attack against Blocchain, which focuses on privacy, which was at risk of network security.

A 51 % attack occurs when the mining group controls more than 50 % of the Blockchain retail power, giving it the ability to re -spend and rearrange transactions on the professor’s book. Krakeen Exchange wrote on Friday:

“As a security preventive measure, we temporarily stopped from the Monero deposits after discovering that a single mining group has gained more than 50 % of the total retail power of the network. This mining power concentration pursues a possible threat to the safety of the network.”

QBIC, a group of Blockchain and the Mining Group that focuses on artificial intelligence, claimed that it dominates the majority of Monero on Monday and reorganized six blocks, which prompted the denial of the attack from the Monero community.

Monero is a major protocol to maintain privacy, and 29 largest encryptions depending on the market value, according to Coinmarketca. The 51 % continuous attack on the network sent shock waves across the Monero community, which led to a wave of responses.

Related to: Monero receives a strong societal response

Single mining gathering assumes control over the network

“After one month, I reached high risk technical confrontation, Qubic reached 51 % of Monero’s retail hegemony, which has succeeded in reorganizing Blockchain,” QBIC spokesman wrote on Tuesday.

The mining gathering was initially rejected in its attempt to take a acquisition, as it decreased to the seventh largest protocol mines and was subjected to an alleged attack on August 4.

The DDOS rejects attack the computer, network or server dumping with a fake incoming traffic, blocking the system and preventing real traffic from arrival.

The DDOS attack on QBIC sharply reduced the rally of mining from 2.6 GHAHAH (GH/S) to only 0.8 GH/S, according to Sergey Ivancheglo, the individual who demanded responsibility for the 51 % attack.

However, the QBIC gathering regained the retail power, eventually controlling the majority of computing power on the Monero network.

“This event represents a pivotal moment in the encryption industry,” QBIC spokesperson, with a highlight of a 6 billion dollar private protocol in a $ 300 million AI protocol.

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