Security· ★★★· bearish·

Qubic Says Weak Wallet Seeds, Not Protocol Flaw, Caused 1,404-Wallet Drain

  • —About 2.94 trillion QU stolen from 1,404 wallets on October 17-18
  • —87.1% of the drained funds remain frozen on the network
  • —12.9% reached MEXC, which froze the receiving account within about an hour
  • —The seed issue is fixed in version 4.26.4, blocking new weak seeds
Why it matters: The incident highlights client-side key generation risk rather than protocol failure, with the Computor quorum set to decide how funds are resolved.
#QU
Source: CryptoPotato
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