Monero a privacy coin faces 51% attack as mining pool gains control of network power

The crypto world is in shock after Monero, one of the most popular privacy-focused coins, faced a dangerous 51% attack. The event has set off alarm bells across the community and raised serious concerns about the future of privacy coins. Many are now asking if decentralization is truly safe or if the growing power of mining pools is creating new risks.

Centralized Mining Pools and the Big Risk

In simple terms, a 51% attack happens when a single group or pool controls more than half of a blockchain’s computing power. When that happens, the group can change or reorganize transactions. That’s exactly what took place with Monero in August 2025, and the effects have been severe.

Mining pools are groups where miners join forces and combine their computer power to solve puzzles faster and earn rewards. On the surface, this looks like a good idea because it helps more people get consistent payouts. But there’s a dark side.

When too much power ends up in the hands of one mining pool, the network becomes unbalanced. This gives one group the chance to take control. If they control more than half of the mining power, they can change how blocks are added to the chain. This is the exact scenario that Monero faced.

Centralized mining pools are often described as both helpful and harmful. Helpful because they increase efficiency. Harmful because they increase the risk of control being taken away from the community. Monero’s 51% attack shows just how dangerous this concentration of power can become.

What Happened During the Monero Attack

The warning signs began when a major crypto exchange temporarily stopped Monero deposits. The exchange explained that the reason was a possible 51% attack taking place on the network. While users could still trade Monero, deposits were frozen until the network was considered safe again.

Soon after, one mining pool announced that it had crossed the line of controlling more than half of Monero’s total mining power. This allowed them to reorganize blocks in the blockchain. While no money was stolen during the event, it raised the fear of double-spending, censorship of transactions, and the possibility of unfair control over the network.

The news caused panic in the community. Monero’s price dropped sharply as trust in the system was shaken. For a privacy coin that has always advertised itself as secure and independent, the event was a hard hit. Users, developers, and observers were left questioning whether such risks could happen again.

Why Privacy Coins Are Under Even More Pressure

Privacy coins like Monero have always been under close watch. Governments and regulators worry that these coins could be used to hide illegal transactions. Because of this, privacy-focused cryptocurrencies already face restrictions on where and how they can be traded.

The 51% attack added even more pressure. It showed that not only are privacy coins under regulatory stress, but they can also be weakened by mining centralization. The combination of outside scrutiny and inside threats makes their future even more challenging.

Some exchanges have already reduced or stopped support for privacy coins. New financial rules in many regions require more transparency, which directly clashes with how privacy coins work. With the Monero incident fresh in memory, confidence in these coins has been shaken further.

The attack has also triggered technical discussions within the Monero community. Ideas such as changing the mining algorithm to stop mining pools from gaining too much power are being talked about. However, these changes are complex and would take time to put in place.

Renuka Bangale
Renuka Bangale
Renuka is a distinguished Chartered Accountant and a Certified Digital Threats Analyst from Riskpro, renowned for her expertise in cybersecurity. With a deep understanding of cybercrimes, malware, cyber warfare, and espionage, she has established herself as an authority in the field. Renuka combines her financial acumen with advanced knowledge of digital threats to provide unparalleled insights into the evolving landscape of information security. Her analytical prowess enables her to dissect complex cyber incidents, offering clarity on risks and mitigation strategies. As a key contributor to Newsinterpretation’s information security category, Renuka delivers authoritative articles that educate and inform readers about emerging threats and best practices.

TOP 10 TRENDING ON NEWSINTERPRETATION

Kristi Noem Accused of Rushing Millions to Florida Pier Near Rumored Lover’s Home

Homeland Security Secretary Kristi Noem faces serious questions. A...

Ian Calderon moves to address cost of living crisis in bid to succeed Gavin Newsom as governor

A Millennial Candidate Steps Forward Former California State Assembly Majority...

Harrods Issues Urgent Warning After Customer Data Stolen in IT Breach

Personal details exposed in breach at third-party system Luxury department...

Shock in royal drama world—Dormer rejects promotion of Ferguson series, gives pay to child abuse charities

Actress Refuses Promotion and Donates Salary Actress Natalie Dormer has...

Trump plays Amelia Earhart records declassification card while Epstein scandal shadows his every move

President Donald Trump has announced that he will declassify...

London in shock—Russia-linked hackers steal personal data of 8,000 children from nursery chain

A major cyberattack has hit nurseries across London, leaving...

Bernie Sanders warns AI push by Musk Zuckerberg and Altman focuses on wealth not public benefit

Senator Bernie Sanders Criticizes Tech Giants Over AI Push Senator...

FBI uncovers ‘terrorize ICE’ note, but Joshua Jahn’s family disputes anti-ICE narrative

On September 24, 2025, Joshua Jahn, a 29-year-old from...

Leaked emails expose Epstein’s $54M legal war chest — Dershowitz, Starr, Lefkowitz among defenders

Newly obtained private emails show the support and guidance...

Hackers tied to Rhysida gang demand 3.4 million ransom after Maryland Transit Administration breach

The Maryland Transit Administration (MTA) has been hit by...

Kristi Noem Accused of Rushing Millions to Florida Pier Near Rumored Lover’s Home

Homeland Security Secretary Kristi Noem faces serious questions. A...

Ian Calderon moves to address cost of living crisis in bid to succeed Gavin Newsom as governor

A Millennial Candidate Steps Forward Former California State Assembly Majority...

Harrods Issues Urgent Warning After Customer Data Stolen in IT Breach

Personal details exposed in breach at third-party system Luxury department...

Bernie Sanders warns AI push by Musk Zuckerberg and Altman focuses on wealth not public benefit

Senator Bernie Sanders Criticizes Tech Giants Over AI Push Senator...

Related Articles

Popular Categories

error: Content is protected !!