Qubic freezes chain after attacker drains 1.4K wallets with weak seeds
Qubic says 87.1% of the stolen funds remain onchain and the rest were frozen at crypto exchange MEXC, as network validators prepare to vote on a recovery plan.
AI summary
Qubic froze its chain after an attacker drained roughly 1,400 wallets by exploiting weak seed phrases. The project says 87.1% of the stolen funds remain onchain and the remainder was frozen at exchange MEXC, while network validators prepare to vote on a recovery plan. The exploit highlights seed-generation security risks and leaves holders facing uncertainty over restitution until the validator vote resolves.
