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Crypto & Bitcoin

Qubic Hack: How the Network Saved 87% of Stolen Funds

Reported by La Rédaction C., Cointribune

Image: Cointribune

On the night of October 17 to 18, an attacker emptied 1,404 Qubic wallets, or 2,940 billion QU. The response followed within hours: the Computors stopped the network, freezing 87.1% of the stolen funds on site, and MEXC blocked in about an hour the account that had received the rest. Twelve days later, the network is running again, 293 billion QU have returned from the exchange to the chain, and the first verified owners have been reimbursed. The flaw did not come from the protocol but from seed generation on certain Apple devices, and it also concerns intact wallets.

This is an excerpt. The reporting belongs to Cointribune.

Read the full report on cointribune.com
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