Kraken Suspends Monero Deposits Due to 51% Attack

BlockBeats News, August 17th, according to an official announcement, Kraken has announced that as a security precaution, it has temporarily suspended Monero (XMR) deposits due to detecting a single mining pool controlling over 50% of the network's total hashrate. Such concentration of hashrate could pose a potential risk to network integrity.

Kraken is closely monitoring the situation and will resume deposits once security is confirmed. XMR trading and withdrawals continue to operate normally.