Kraken suspends Monero deposits after 51% attack

Kraken suspends Monero deposits after 51% attack


Monero’s price has fallen by as much as 14%, with the episode reigniting concerns about the centralization of mining in privacy-centric cryptocurrencies and the market impact of such attacks. While security analysts are still debating the degree to which the reorganization constituted a full 51% attack (some argue it was a stress test on Monero’s decentralization rather than a purely malicious assault), a lack of official communications are conspicuous by their absence, as privacy-centric Unstoppable Wallet posted: Learn more about Monero › Monero $256.41 7.92% Crypto Market Summary At the time of press 9:20 pm UTC on Aug. 16, 2025, the total crypto market is valued at at $3.98 trillion with a 24-hour volume of $129.45 billion.

Author: Christina Comben


Published at: 2025-08-16 20:19:43

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