Security· ★★★· bearish·

Qubic Loses $1.3 Million in Wallet Raid Before Network Halts

  • —About 2.94 trillion QU worth $1.3 million stolen from 1,404 wallets
  • —Transfers ran from 23:42 UTC Oct. 17 to 01:26 UTC Oct. 18
  • —Flaw was weak randomness in 55-character seeds on older Apple devices
  • —87.1% of funds stayed on-chain; 12.9% reached MEXC and was frozen
Why it matters: Whether victims are made whole now rests with Qubic's Computor quorum, setting a precedent for validator-governed restitution.
#QU
Source: Bitcoin.com
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