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 fate of victims’ funds now rests with Qubic’s validators. A cryptocurrency thief managed to empty 1,404 Qubic wallets in less than two hours, stealing roughly 2.94 trillion QU worth $1.3 million without hacking the blockchain itself. Instead, the attacker apparently exploited something far simpler: predictable wallet recovery seeds generated by older software. By the time Qubic’s validators intervened early Sunday, Oct.

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