Qubic hack leaves $1.4 million in stolen tokens frozen

Qubic has halted its layer-1 blockchain after an attacker exploited a wallet security flaw to steal approximately 2.94 trillion QU tokens worth $1.4 million from more than 1,400 accounts. Qubic halted its blockchain after attackers exploited weak wallet recovery seeds to steal approximately $1.4 million from more than 1,400 accounts. About 87.1% of the stolen tokens remain frozen on the network, while MEXC restricted an account that received the remaining funds. Developers have fixed the wallet seed generation flaw, but previously affected wallets may remain vulnerable.

Source: crypto.news