Qubic Declares Dogecoin (DOGE) as Next Target After 51% Attack on Monero

COINOTAG News (Aug. 27) reports that actor Qubic stated the matter is ongoing after a 51% attack on Monero; a community poll conducted by the actor reportedly selected Dogecoin as the purported next target, with a market capitalization exceeding $35 billion.

Earlier on Aug. 12, Qubic is reported to have executed a 51% attack against Monero via an economic‑incentive construct leveraging a useful Proof‑of‑Work (uPoW) approach; initial telemetry suggested the actor briefly controlled ~52.72% of network hash rate, resulting in six block reorganizations and approximately 60 orphaned blocks.

Market participants and custodians should treat these developments as a prompt to reassess consensus‑level risk: given Dogecoin‘s large‑cap status and exchange exposure, firms are advised to strengthen surveillance, update counterparty assessments and recalibrate operational risk models accordingly.