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Qubic responds to the 51% Attack incident on Monero: It is proceeding with the Monero experiment as planned and will announce details at the appropriate time.
On August 12, Qubic tweeted in response to the 51% attack on Monero, stating, "The Monero (XMR) experiment is proceeding smoothly as planned, and everything will be revealed in due time." According to previous reports, the IOTA co-founder Sergey Ivancheglo's project Qubic quickly accumulated a large amount of Monero (Monero) computing power through the "useful Proof of Work (uPoW)" mechanism. On August 12, Qubic briefly controlled 52.72% of the Monero network's hashrate (approximately 3.01 GH/s). Once it exceeds 51%, Qubic can reject blocks from other mining pools, leading to chain reorganization, double spending, or transaction censorship. The Monero community has launched resistance and defense actions, while Qubic claims this move is a technical demonstration, not a malicious attack.