Qubic Suspends Blockchain Operations Following Major Wallet Drain of $1.3 Million Due to Vulnerable Seeds

10/19/2026

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.

10/19/2026

Qubic, a layer-1 blockchain network, halted operations after an attacker reportedly exploited weak wallet seeds to steal funds from more than 1,400 accounts. In a post shared on X, the project...

10/19/2026

Qubic halted its network after attackers exploited weakly generated wallet credentials to remove roughly $1.4 million in cryptocurrency from more than 1,400 accounts, according to the project’s...

10/19/2026

Qubic halted its network after 1,404 wallets lost 2.94 trillion QU worth $1.3 million, with 87.1% of the stolen tokens frozen on-chain.

10/18/2026

Qubic says 87.1% of the drained QU remains immobilized on its network, while MEXC froze the account receiving the rest.... Read the full story at The Defiant