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Qubic Loses $1.3 Million in Wallet Raid Before Network Halts

News.Bitcoin.com
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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 […]

Key Takeaways

  1. An overnight cryptocurrency theft emptied 1,404 Qubic wallets of approximately 2.94 trillion QU, worth $1.3 million, before validators halted the network.
  2. The apparent culprit wasn’t a blockchain vulnerability but predictable wallet seeds generated by older Apple devices and browsers.
  3. With most stolen tokens trapped on the paused network and another portion frozen by MEXC, the […]
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.