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Monero Hit by 51% Attack as LayerZero Acquires Stargate for $110 Million

The week saw major developments in crypto, including Monero’s network disruption, MyStonks’ asset freezes, and LayerZero’s $110 million Stargate purchase.

XMR

Summary

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Terms & Concepts
  • 51% Attack: A blockchain attack in which a single entity controls over half of the network’s mining power, potentially enabling transaction reversal or double-spending.
  • LayerZero: An interoperability protocol enabling communication between different blockchain networks.
  • Stargate: A cross-chain liquidity transfer protocol that facilitates asset movement between different blockchain networks.