Monero’s blockchain experienced an 18-block reorganization on Sunday, its deepest to date, that effectively invalidated 118 confirmed transactions by rolling back 36 minutes of transaction history.The reorg began at block height 3,499,659 when Qubic, a lesser-known AI-focused layer-1 blockchain, unleashed a longer chain that Monero’s network nodes accepted, orphaning the other chain’s previously confirmed blocks.The move is the latest escalation in a campaign by Qubic, which last month acquired more than half of Monero’s mining power. Qubic leverages a “useful proof-of-work” (uPoW) model that repurposes XMR mining rewards and converts them into USDT, which is then used to buy back and burn QUBIC tokens.Despite the rollback, XMR’s price defied expectations, climbing to a two-month high of $333 after the attack, before seeing a slight drop to $307.5 at the time of writing. The cryptocurrency is still up more than 6.4% in the last 24 hours, while its daily trading volume jumped 78% to $136 million.“Personally, I don’t consider the Monero network reliable at this point,” said Vini Barbosa, a crypto commentator on X, adding that he would stop accepting XMR payments until the issue is resolved.“In the last 720 blocks (~24h), 213 blocks have been orphaned (114 produced by known pools and 99 produced by unknown pools or solo miners). That's 29.5% of all blocks,” Vini added. “This is just too much.”The attack may force the Monero community to make difficult decisions. One proposed solution involves using DNS checkpoints, trusted snapshots of the blockchain, to counteract future reorganizations.Critics argue this would compromise the network’s decentralization. On GitHub, crypto researcher Rucknium pointed out that the temporary rollout of DNS checkpoints is highly likely to soon be deployed.Monero’s blockchain experienced an 18-block reorganization on Sunday, its deepest to date, that effectively invalidated 118 confirmed transactions by rolling back 36 minutes of transaction history.The reorg began at block height 3,499,659 when Qubic, a lesser-known AI-focused layer-1 blockchain, unleashed a longer chain that Monero’s network nodes accepted, orphaning the other chain’s previously confirmed blocks.The move is the latest escalation in a campaign by Qubic, which last month acquired more than half of Monero’s mining power. Qubic leverages a “useful proof-of-work” (uPoW) model that repurposes XMR mining rewards and converts them into USDT, which is then used to buy back and burn QUBIC tokens.Despite the rollback, XMR’s price defied expectations, climbing to a two-month high of $333 after the attack, before seeing a slight drop to $307.5 at the time of writing. The cryptocurrency is still up more than 6.4% in the last 24 hours, while its daily trading volume jumped 78% to $136 million.“Personally, I don’t consider the Monero network reliable at this point,” said Vini Barbosa, a crypto commentator on X, adding that he would stop accepting XMR payments until the issue is resolved.“In the last 720 blocks (~24h), 213 blocks have been orphaned (114 produced by known pools and 99 produced by unknown pools or solo miners). That's 29.5% of all blocks,” Vini added. “This is just too much.”The attack may force the Monero community to make difficult decisions. One proposed solution involves using DNS checkpoints, trusted snapshots of the blockchain, to counteract future reorganizations.Critics argue this would compromise the network’s decentralization. On GitHub, crypto researcher Rucknium pointed out that the temporary rollout of DNS checkpoints is highly likely to soon be deployed.

Monero Suffers Deepest-Ever Blockchain Reorganization, Invalidating 118 Transactions

Monero’s blockchain experienced an 18-block reorganization on Sunday, its deepest to date, that effectively invalidated 118 confirmed transactions by rolling back 36 minutes of transaction history.

The reorg began at block height 3,499,659 when Qubic, a lesser-known AI-focused layer-1 blockchain, unleashed a longer chain that Monero’s network nodes accepted, orphaning the other chain’s previously confirmed blocks.

The move is the latest escalation in a campaign by Qubic, which last month acquired more than half of Monero’s mining power. Qubic leverages a “useful proof-of-work” (uPoW) model that repurposes XMR mining rewards and converts them into USDT, which is then used to buy back and burn QUBIC tokens.

Despite the rollback, XMR’s price defied expectations, climbing to a two-month high of $333 after the attack, before seeing a slight drop to $307.5 at the time of writing. The cryptocurrency is still up more than 6.4% in the last 24 hours, while its daily trading volume jumped 78% to $136 million.

“Personally, I don’t consider the Monero network reliable at this point,” said Vini Barbosa, a crypto commentator on X, adding that he would stop accepting XMR payments until the issue is resolved.

“In the last 720 blocks (~24h), 213 blocks have been orphaned (114 produced by known pools and 99 produced by unknown pools or solo miners). That's 29.5% of all blocks,” Vini added. “This is just too much.”

The attack may force the Monero community to make difficult decisions. One proposed solution involves using DNS checkpoints, trusted snapshots of the blockchain, to counteract future reorganizations.

Critics argue this would compromise the network’s decentralization. On GitHub, crypto researcher Rucknium pointed out that the temporary rollout of DNS checkpoints is highly likely to soon be deployed.

Market Opportunity
LETSTOP Logo
LETSTOP Price(STOP)
$0.01876
$0.01876$0.01876
+0.05%
USD
LETSTOP (STOP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…
Share
BitcoinEthereumNews2025/09/18 02:13
Morning Crypto Report: $3.6 XRP Dream Is Not Dead: Bollinger Bands, ‘New Cardano’ Rockets 40%, Vitalik Buterin Sells Binance Coin and Other Crypto Amid ‘Crypto Winter’

Morning Crypto Report: $3.6 XRP Dream Is Not Dead: Bollinger Bands, ‘New Cardano’ Rockets 40%, Vitalik Buterin Sells Binance Coin and Other Crypto Amid ‘Crypto Winter’

The post Morning Crypto Report: $3.6 XRP Dream Is Not Dead: Bollinger Bands, ‘New Cardano’ Rockets 40%, Vitalik Buterin Sells Binance Coin and Other Crypto Amid
Share
BitcoinEthereumNews2025/12/21 22:15
Waarom $LIQUID Bitcoin, Ethereum en Solana verbindt en zeer interessant blijft in 2026

Waarom $LIQUID Bitcoin, Ethereum en Solana verbindt en zeer interessant blijft in 2026

i Kennisgeving: Dit artikel bevat inzichten van onafhankelijke auteurs en valt buiten de redactionele verantwoordelijkheid van BitcoinMagazine.nl
Share
Coinstats2025/12/21 22:16