The 51% Attack on Monero That Never Happened: Selfish Mining, Marketing, and the Real Vulnerabilities of PoW Networks

Understand what really happened with the asset—and which other protocols may be at risk.

Medium-Term Outlook

This incident accelerates discussions around the security of smaller networks and how that may—or may not—affect Bitcoin, creating “noise” in the medium term about Bitcoin’s resilience.

Short-Term Outlook

The market is digesting the implications, with volatility expected in smaller PoW assets. Potential opportunities lie in consolidation and flight-to-quality toward Bitcoin.

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The Drama: When Marketing Outruns Technical Reality

In August 2025, the crypto world witnessed something fascinating: a $300 million protocol (Qubic) claimed to have executed a “51% attack” against Monero ($5 billion). But the technical reality tells a very different story.