Monero, the leading privacy coin, suffered an 18-block reorg after Qubic consolidated large mining power. Debate rages: Qubic claims 51% control; Monero devs deny widescale damage. Exchanges raised confirmations. The episode shows PoW chains can be threatened by economic incentives

The new update is a response to the Chainalysis leak, in which the company revealed a method for tracing some of Monero’s transactions.

Binance’s delisting of Monero has led to a 20% drop in its value. Amidst increasing regulatory scrutiny, the future of privacy coins faces uncertainty.