Qubic hack leaves $1.4 million in stolen tokens frozen

Qubic has halted its layer-1 blockchain after an attacker exploited a wallet security flaw to steal approximately 2.94 trillion QU tokens worth $1.4 million from more than 1,400 accounts. Summary Qubic halted its blockchain after attackers exploited weak wallet recovery seeds to steal approximately $1.4 million from more than 1,400 accounts. About 87.1% of the stolen tokens remain frozen on the network, while MEXC restricted an account that received the remaining funds. Developers have fixed the wallet seed generation flaw, but previously affected wallets may remain vulnerable. Network operators have yet to approve a recovery plan, and Qubic has not announced when blockchain operations will resume. According to an Oct. 18 statement from the Qubic core team, the attacker targeted wallets whose recovery seeds had been generated with insufficient randomness, leaving their private keys vulnerable to discovery. Security incident update.Between 23:42 UTC on 17 October and 01:26 UTC on 18 October, an attacker drained 1,404 Qubic wallets, totalling around 2.94 trillion QU.Here is what happened, what has been done, and what comes next. pic.twitter.com/7aPJ26lEeZ— Qubic (@_Qubic_) October 18...