Qubic Halts Chain as Attacker Exploits Weak Seeds to Drain 1,400 Wallets

Qubic halted its layer-1 blockchain after attackers exploited weak wallet recovery seed generation to steal approximately 2.94 quadrillion QU tokens worth $1.4 million.

The project said 87.1 percent of the stolen tokens remained on the network, while the rest was transferred to MEXC, which blocked the receiving account.

Qubic has yet to announce a restart date as its team prepares recovery options for approval by network operators.