TLDR
- Qubic community voted to target Dogecoin next after successfully conducting a 51% attack on Monero’s network
- The AI-focused blockchain reorganized six blocks on Monero and gained majority control of its hashrate at 2.32 GH/s
- Dogecoin received over 300 votes in the community poll, beating Kaspa and Zcash combined
- Kraken exchange suspended Monero deposits citing “potential risk to network integrity” from the attack
- Qubic calls these attacks “stress tests” to prove their useful proof-of-work mining model
The Qubic community has chosen Dogecoin as its next target following a successful 51% attack on the Monero network. The AI-focused blockchain project announced the decision after conducting a community vote that saw Dogecoin receive more than 300 votes.
The #Qubic community has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5
— Come-from-Beyond (@c___f___b) August 17, 2025
Sergey Ivancheglo, who founded the Qubic network and goes by the handle Come-from-Beyond, shared the voting results on social media. The poll included other proof-of-work networks like Kaspa and Zcash as potential targets.
Dogecoin, with a market cap above $35 billion, now faces the possibility of a similar attack to what Monero experienced. The meme-based cryptocurrency operates on a proof-of-work consensus mechanism that could be vulnerable to the same tactics Qubic used against Monero.
Monero Attack Details
Qubic announced it gained majority control over Monero’s computing power on Monday. The project’s mining pool successfully reorganized six blocks after a month-long competition with other miners for network control.
The attack proved that Qubic could rewrite blockchain history on the privacy-focused network. Their mining pool currently commands about 2.32 gigahashes per second of Monero’s hashrate, according to MiningPoolStats data.
Despite the takeover, Qubic stated that Monero’s core functionality remained intact. The team said the network’s privacy, speed, and usability were not compromised during the attack.
The group described their goal as having Qubic miners provide security for the Monero protocol. This represents a shift in how the network’s security would be maintained going forward.
Exchange Response
Cryptocurrency exchange Kraken temporarily suspended Monero deposits following the attack. The platform cited concerns about potential risks to network integrity from the single miner takeover.
Kraken kept Monero withdrawals and trading active during the suspension. The exchange said it would restore deposits once it deemed the network safe again.
What Qubic Attacks Could Mean
A 51% attack gives the controlling party power to reorganize blocks and potentially stop certain transactions. The same level of hashrate control that Qubic has over Monero could pose similar risks to Dogecoin if applied there.
Qubic describes these actions as “stress tests” designed to demonstrate the strength of its useful proof-of-work mining model. The project uses profits from its mining pool to buy and burn QUBIC tokens.
The team has stated it does not intend to break the targeted networks. However, the experiments have raised questions about proof-of-work system security when mining becomes concentrated.
No specific timeline has been announced for the planned Dogecoin attack. The vote results have already drawn attention to Dogecoin’s security measures and how its development team might respond to the threat.
