CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Qubic freezes chain after attacker drains 1.4K wallets with weak seeds

Cointelegraph - Blockchain logo

Published on

Add as a preferred source on Google
Qubic freezes chain after attacker drains 1.4K wallets with weak seeds

Qubic says 87.1% of the stolen funds remain onchain and the rest were frozen at crypto exchange MEXC, as network validators prepare to vote on a recovery plan.

Layer-1 blockchain network Qubic halted operations Sunday after an attacker reportedly exploited weakly generated wallet seeds to drain approximately $1.4 million from more than 1,400 accounts, according to the project.

In a statement on X, Qubic said the network was halted at tick 85,371,949, where it remains paused at the time of writing. Qubic said the vulnerability affected wallet seeds generated using any browser on an iPhone or iPad, Safari on a Mac until Oct. 18, 2026, or the Qubic iOS app before July 2025, leading to 2.94 trillion Qubit (QU) stolen.

“87.1% of the drained funds never left the Qubic network and remain frozen in place,” said Qubic. “The remaining 12.9% was sent to MEXC, whose team froze the receiving account within about an hour.”

The Qubic theft is the latest in a series of attacks tied to weak wallet seeds. In July, Coldcard disclosed that attackers had stolen funds from wallets whose seeds were weakened by a firmware bug. Similar flaws affected Trust Wallet’s browser extension and the Libbitcoin Explorer tool in 2023.

Qubic said it has fixed the seed-generation flaw in the latest version of its web wallet.

getRandomValues() function when creating wallet seeds.



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.