Crypto exchange Kraken has temporarily paused Monero ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/xmr-price-index” title=”null”>XMR) deposits due to the ongoing 51% attack against the privacy-focused blockchain, which has compromised the security of the network.
data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/what-is-a-51-attack-and-how-to-detect-it” title=”null”>A 51% attack occurs when one mining pool controls more than 50% of a blockchain network’s total hashing power, giving it the ability to double-spend and reorder transactions on the ledger. The Kraken exchange data-ct-non-breakable=”null” href=”https://status.kraken.com/” rel=”noopener nofollow” target=”_blank” title=”null”>wrote on Friday:
“As a security precaution, we have paused Monero deposits after detecting that a single mining pool has gained more than 50% of the… lockquote>
