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Qubic network froze 87% of stolen funds after a wallet seed hack affecting 1,404 identities.

01 Nov 2026, 18:35 WIB
Cointribune
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Neutral
Qubic network froze 87% of stolen funds after a wallet seed hack affecting 1,404 identities.

On October 17-18, an attacker exploited weak seed generation on Apple devices to steal about 2,940 billion QU (approx. $1.4 million) from 1,404 Qubic wallets. The Qubic network quickly halted operations, freezing 87.1% of the stolen funds on-chain and MEXC exchange froze the rest within an hour. The vulnerability was in wallet seed creation, not the protocol itself. The network resumed on October 20 after approving a recovery plan, with funds gradually returned to verified owners through an official claims portal open until May 1, 2027. Users must create new wallets with updated seed generation to stay secure.

The Qubic hack saw 87.1% of stolen funds frozen on-chain, a key figure in the network's rapid response. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Nov 01, 2026 23:21 WIB: out of 50 major cryptocurrencies, 22 rose and 27 fell. Notable movers include YFI at Rp36.800.185 (+6.64%), COTI at Rp187 (+5.38%), and UNI at Rp132.500 (+5.22%), with strong buy activity on Pluang.

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