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Qubic and Monero 51% Attackers Select Dogecoin as Next Test Topic

Following a six-block Monero reorganization and network control claims, the Qubic community voted to target Dogecoin next, intensifying debate on proof-of-work security and exchange safeguards.

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Fact Check
The statement is overwhelmingly confirmed by numerous, independent, and credible news sources. Evidence from Cointelegraph, CoinDesk, Binance, CoinGecko, and others consistently reports that the Qubic project/community, which claimed responsibility for a 51% attack on Monero, subsequently held a vote where Dogecoin was selected as the next target for a similar planned action.
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Summary

After asserting temporary majority hashrate on Monero and executing a six-block reorganization, Qubic’s community voted—with over 300 ballots—to target Dogecoin for its next proof-of-work stress test, surpassing Kaspa and Zcash in preference. Kraken paused Monero deposits due to integrity concerns, though withdrawals and trading continued. Experts dispute whether Qubic fully controlled Monero, but the event highlighted risks of censorship and chain reorganizations. Qubic’s founder framed the initiative as redirecting PoW resources toward AI, using mined XMR for QUBIC token buybacks and burns, and continuing a prolonged contest with Monero miners. No timeline for any Dogecoin-related action has been provided.

Terms & Concepts
  • 51% Attack: A situation in blockchain networks where one entity controls over half of the network’s mining power, potentially allowing block reorganizations, double-spending, or halting transactions.
  • Proof-of-Work (PoW): A consensus mechanism where miners perform computational work to validate transactions and add blocks to the blockchain.
  • Hashrate: The total computational power deployed by miners in a proof-of-work blockchain network, measured in hashes per second.