Withdrawals and trading for Monero (XMR) on the Kraken exchange remain open, and deposits will resume once it is safe, the exchange said. Crypto exchange Kraken has temporarily paused Monero deposits due to the ongoing 51% attack against the privacy-focused blockchain, which has compromised the security of the network. A 51% attack occurs when one mining pool…
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Central issues: Monero’s CCS wallet was taken advantage of on September 1, 2023, depleting the whole equilibrium of 2,675.73 XMR, esteemed at roughly $460,000. The wellspring of the weakness is as yet unclear, yet blockchain security firm SlowMist recommends a “escape clause in the Monero protection model.” Moonstone Exploration, a blockchain investigation firm, inferred that…
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