Qubic Halts Chain as Attacker Exploits Weak Seeds to Drain 1,400 Wallets

Qubic's layer-1 blockchain was halted following a security breach where attackers exploited weak wallet recovery seed generation. Approximately 2.94 quadrillion QU tokens worth $1.4 million were stolen, with 87.1 percent remaining on the network and the rest transferred to MEXC, which subsequently blocked the receiving account. The project is evaluating recovery options for network operator approval before restart.

Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Gadgets 360 did the reporting; read the original for the full story.