Kraken suspends Monero deposits after 51% attack

TL;DR


Summary:
- Kraken, a popular cryptocurrency exchange, has temporarily suspended Monero (XMR) deposits after a 51% attack on the Monero network.
- A 51% attack is a type of attack on a blockchain network where a single entity or group gains control of more than 50% of the network's mining power, allowing them to manipulate the blockchain.
- This attack on Monero highlights the importance of network security and decentralization in the cryptocurrency world, as a successful 51% attack can have serious consequences for the affected cryptocurrency.

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