Monero coin suffers a 51% Attack, with daily maintenance costs potentially reaching 75 million USD.

[Bihui] The 51% attack on Monero seems to have been successful, and a certain Mining Pool can theoretically rewrite the Blockchain, achieve Double Spending, and review any transaction. The cost of this attack is high, and it is still uncertain what the economic benefits for the attacker are. It is recommended that relevant platforms pay attention to potential threats and follow up.

The CTO of a certain platform tweeted that Monero appears to be undergoing a successful 51% attack. A certain Mining Pool has been accumulating hash power for months and now controls most of the network's hash power. A significant chain reorganization was detected this morning. With its current hash power, this Mining Pool can rewrite the Blockchain, implement Double Spending, and review any transactions. The estimated cost of maintaining this attack is as high as $75 million per day.

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GraphGuruvip
· 08-15 04:08
Even the most meticulous can overlook something.
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NFTArtisanHQvip
· 08-14 14:08
Mining power corrupts art
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MEVEyevip
· 08-14 08:04
The costs are too high to recover.
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BTCRetirementFundvip
· 08-14 04:37
The security is not that perfect.
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DegenWhisperervip
· 08-12 10:04
costly regulatory magic
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LostBetweenChainsvip
· 08-12 10:03
Privacy is no longer private.
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wrekt_but_learningvip
· 08-12 09:59
Privacy Coin is not that private.
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Blockblindvip
· 08-12 09:48
Privacy is completely dead.
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NftRegretMachinevip
· 08-12 09:45
Isn't this price too high?
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