Monero: the takeover attempt shakes the network

Monero is shaken by an attempt to takeover the network: the mining pool Qubic, the protagonist of the 51% attack, comes under DDoS, reducing its hashrate from 2.6 GH/s to 0.8 GH/s in a few hours.

What happened between Qubic, Monero, and the DDoS threat?

According to a post on X, Sergey Ivancheglo — a key figure in the crypto sector — announces that he himself is behind the controversial attempt to control the Monero network by surpassing the 51% threshold of computing power. In a surprising twist of events, his mining pool, Qubic, suffers a DDoS (Distributed Denial of Service) attack, aimed at rendering the just-begun takeover ineffective.

#Qubic pool hashrate peaked 2.6 GH/s before #Monero DDoS attacks knocked it down to 0.8 GH/s by making 2/3 of miners disconnect.

— Come-from-Beyond (@c___f___b) August 3, 2025

The most significant data is the drastic drop in hashrate: the computational power decreases from 2.6 gigahash per second (GH/s) to only 0.8 GH/s. Ivancheglo communicates that the security barriers set up by his team have managed to limit the impact, avoiding block losses and keeping the services active. However, the pressure on the pool remains extremely high and the situation evolves rapidly throughout the day.

Who accuses whom: the controversy between Ivancheglo and the XMRig developer

In the midst of the crisis, Ivancheglo launches a direct accusation on X against the developer of the Monero mining software, XMRig, suspected of having orchestrated the DDoS attack as a defensive act for the security of the network. The response comes immediately: Chernykh, representing XMRig, publicly denies any involvement and emphasizes that they have never resorted to illegal methods to defend the protocol.

This controversy leads to numerous online discussions, amplified by the Monero community on social channels and Telegram, about the legitimacy of defense strategies in real risk situations of centralization.

What is the ultimate goal of the takeover on Monero?

The attempt at a takeover of the Monero network follows a very precise logic: to achieve control of the majority of computing power, thus centralizing block validation. As the source reveals, the radical plan consists of rejecting blocks forged by other pools, forcing miners to join the dominant pool or be excluded from rewarded block production.

This maneuver would significantly undermine the founding principle of decentralizzazione of Monero, up to increasing the risks for privacy and censorship resistance of the network.

Why is Monero so vulnerable and so important?

Monero stands out for its advanced privacy properties (total anonymity in transactions, stealth addresses, no public tracking of movements), attracting both security-focused users and dark market actors. However, this characteristic makes the network a particularly critical target for takeover attempts and manipulations.

The current case demonstrates it: privacy remains one of the central factors of Monero, but this very characteristic exposes the network to pressures both internal and from developers and miners with large computational resources.

How did the community react and what are the real risks?

The news of the takeover attempt, combined with the subsequent DDoS attack, quickly mobilized the international Monero community. On social media, discussions followed one another about possible technological solutions to limit the concentration of pools and increase the resilience of the network.

The technical checks carried out in the field show that at the moment no request from the Qubic pool has been lost; this suggests that the DDoS has proven to be less effective than feared, or it has already been defused by the countermeasures adopted.

However, the danger of new attempts at centralization remains high and the pressure among developers, miners, and pools risks increasing in the coming months.

What does all this mean for Monero and for high-privacy assets?

The attempted attack between June 20 and 21, 2024, casts a long shadow on the resilience of Monero and, more generally, on all major financial assets blockchain focused on privacy and anonymity. A successful takeover would compromise the value of Monero, marking a dramatic precedent for privacy-coin addresses.

Experts also warn about a possible “contagion effect”: similar centralization strategies could be attempted on other related networks, testing the security and independence of DeFi itself.

What happens now? Prospects, risks, and surprises for Monero

The situation remains fluid: the takeover attempt has weakened under the impact of the DDoS and the reaction of the community, but the case is certainly not closed. In the coming days, it will be crucial to monitor the hashrate data of the Qubic pool and the moves of the Ivancheglo team, as well as possible software updates on the Monero side.

The entire affair represents a turning point in the history of Monero: the future of the most discussed privacy-coin depends on its ability to withstand these waves of centralization, amid technical, social, and governance battles.

Everything can change in the coming weeks: follow the updates from the official Monero channels or join the discussions on Telegram to not miss a single detail of this unprecedented case.