Layer-1 | Bit.Fan

Qubic restarts network and opens claims after $1.4 million QU token hack

Layer-1 blockchain Qubic has restarted its network and begun a recovery process after a wallet seed vulnerability led to the theft of roughly $1.4 million in QU tokens from 1,404 accounts. According to the project’s latest update, validators known as Computors approved a recovery plan, and affected users can now check their addresses and file claims through Qubic’s reclaim platform. The deadline to submit claims is May 1, 2027. Qubic’s blockchain explorer shows the network resumed processing ticks at 8:00 pm on Oct. 19 and moved past tick 85,371,949, where the chain had been halted on Sunday. The project said the attack stemmed from predictable wallet seeds generated by vulnerable wallet software, affecting seeds created through Qubic’s web wallet on certain Apple devices and browsers. Qubic said it fixed the flaw in web wallet version 4.26.4 and urged anyone who created a wallet before that release to treat it as insecure, create a new wallet and move funds out immediately.

540

Qubic

12 days agoNews Editor

Qubic restarts blockchain and opens claims after 1,404 wallets lost about $1.4 million in QU

Layer-1 blockchain Qubic has restarted its network and begun a fund recovery process after an exploit tied to a wallet seed vulnerability. The incident led to the theft of roughly $1.4 million worth of QU tokens from 1,404 accounts. Qubic said its network validators, known as Computors, approved a recovery plan, and affected users can now file claims. The deadline for submissions is May 1, 2027. Blockchain data from the Qubic explorer shows the network resumed processing ticks at 20:00 on Oct. 19, moving past the previously halted height of 85,371,949. The vulnerability affected wallet seeds generated on some Apple devices and in browsers. Qubic advised users to create a new wallet with version 4.26.4 or later and move funds as soon as possible. The update was reported by Cointelegraph and carried by Odaily.

550

Sui

2 months agoNews Editor

Sui Network TVL Stabilizes at $1.2B, DeFi Liquidity in Focus

Sui Network's total value locked (TVL) has stabilized at around $1.2 billion, indicating sustained liquidity in its DeFi ecosystem. While TVL is not a direct proxy for user activity or protocol health, maintaining over $1 billion in locked capital helps Sui strengthen its position in the competitive layer-1 landscape. The next challenge is to convert this liquidity into deeper on-chain activity, including increased trading volume, lending, and stablecoin usage, which markets will watch closely.

1100

eCurrency

4 months agoNews Editor 01

eCurrency pitches a fixed-supply payments Layer-1 with 10-second blocks and post-quantum signatures

eCurrency says it has operated since 2018 as a payments-focused Layer-1 with a fixed supply of 333,333,333 ECR, 10-second blocks, UTXO-native PoS, and Falcon-based post-quantum security.

650

ICON

4 months agoNews Editor 01

ICON to Shut Down Network by End of 2026, ICX Holders Must Migrate to SODA

ICON Foundation said the ICON network will permanently shut down on December 31, 2026, as it shifts resources to cross-chain infrastructure project SODA X. ICX holders need to complete migration before the deadline.

680

SEI

4 months agoNews Editor 01

SEI Surges Over 25% Weekly as Futures Volume Tops $258 Million

SEI rose more than 25% this week after breaking out of a months-long descending channel. Futures volume climbed above $258 million and open interest passed $94 million as traders added bullish exposure.

660

Solana

4 months agoNews Editor 01

Solana Deep Dive: 65K TPS, Sub-Cent Fees, but Outages and Centralization Concerns Remain

Solana is a high-performance Layer-1 blockchain using PoH+PoS, achieving 65K theoretical TPS and sub-$0.01 fees. This piece explains its mechanics, ecosystem, tokenomics, comparisons with Ethereum, and the key challenges of network outages and centralization.

1060

Layer-1

4 months agoNews Editor 01

VC Says L1 Grant Model Is Structurally Broken After More Than $1 Billion Spent

Hashgraph Ventures partner Dara_VC argues that L1 grant programs have failed structurally and no longer create durable ecosystems. He says chains should back a small number of high-conviction companies with equity and tokens instead of funding hundreds of short-lived projects.

800

Total 38 items