Qubic Loses $1.3 Million in Wallet Raid Before Network Halts
An overnight cryptocurrency theft emptied 1,404 Qubic wallets of approximately 2.94 trillion QU, worth $1.3 million, before validators halted the network. The apparent culprit wasn’t a blockchain vulnerability but predictable wallet seeds generated by older Apple devices and browsers. With most stolen tokens trapped on the paused network and another portion frozen by MEXC, the […]
An overnight theft drained 1,404 Qubic wallets of roughly 2.94 trillion QU, worth about $1.3 million, prompting validators to halt the network. The apparent cause was predictable wallet seeds generated by older Apple devices and browsers rather than a blockchain flaw. Most stolen tokens are trapped on the paused network and another portion is frozen by MEXC, but the incident dents confidence in QU and highlights seed-generation risks for self-custody users.
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59M AGOThe Defiant · Score 55 · via Qubic, $1.3M
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1H AGOYou’re reading thisQubic Loses $1.3 Million in Wallet Raid Before Network HaltsBitcoin.com News · Score 55
