🚨 Monero Blockchain Hit by 18-Block Reorg

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Monero’s network suffered its largest-ever reorg, reversing 117 transactions after Qubic — a layer-1 AI blockchain and mining pool — gained over 51% hashrate control.

The reorg began at block 3,499,659 and lasted 43 minutes, raising fresh concerns about centralization risks in privacy-focused PoW networks.

Despite the breach, XMR rallied 7.4%, climbing from $287 to $308, while the broader crypto market dipped. Analysts warn that Monero’s reliability as a payment network is now in question.