Qubic responds to Monero's 51% attack incident: Monero experiment is proceeding as planned, details will be announced in due course

On August 12, Qubic responded on Twitter to the 51% attack incident involving Monero, stating that the Monero (XMR) experiment is proceeding as planned and everything will be revealed at the appropriate time. Previous reports indicated that Qubic, a project by IOTA co-founder Sergey Ivancheglo, rapidly accumulated a large amount of Monero (XMR) hashrate through its 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 the threshold exceeded 51%, Qubic was able to reject blocks from other mining pools, potentially causing chain reorganizations, double-spending, or transaction censorship. The Monero community has launched resistance and defense measures, while Qubic stated that this was a technical demonstration rather than a malicious attack.