Security · Updated 19 Oct, 03:13 pm IST
Qubic halts mainnet after attacker drains 1,400 wallets
Why it matters for readers: It explains how attackers can exploit poor cryptographic processes to steal tokens and why exchanges may block tainted accounts.
- Attackers exploited weak wallet recovery seed generation to drain roughly 1,400 wallets.1
- About 2.94 quadrillion QU tokens were stolen, with an estimated value of $1.4 million.1
- Qubic halted its layer‑1 chain and has not announced a restart date while preparing recovery options for operator approval.1
- Qubic reported that 87.1% of the stolen tokens remain on the network and the remainder was transferred to MEXC, which blocked the receiving account.1
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