MEXC Freezes Qubic Funds After Drain Hits 1,404 Wallets
Photo: TokenPost
MEXC, a cryptocurrency exchange, has frozen the account that received 12.9% of the 2.94 trillion QU drained from 1,404 Qubic wallets, while the network remains halted pending a recovery decision. Computors, the validators that process Qubic transactions, stopped the chain at tick 85,371,949. The halt immobilized the other 87.1% of the stolen QU on-chain. Those tokens cannot move while transaction processing is suspended, but they have not been returned to the affected wallets. The wallet drain ran from 7:42 p.m. to 9:26 p.m. ET on Oct. 17 (23:42 UTC on Oct. 17 to 01:26 UTC on Oct. 18).
Source: TokenPost
