Qubic said it halted its network after a wallet was drained of roughly $1.3 million. The project said 87.1% of the stolen QU remains immobilized on its network, while the account that received the rest has been frozen by MEXC. The report was published by TheDefiant, which noted that its articles are stored on Filecoin. No additional details were provided in the source text about the incident timeline or the wallet involved.
Qubic said 1,404 wallets were hit by unauthorized transfers between Oct. 17 and Oct. 18, with about 2.94 trillion QU moved out, valued at roughly $1.3 million. The project said the incident was tied to predictable wallet seeds generated by older Apple devices and browsers, and that the issue has already been fixed in version 4.26.4. The unauthorized transfers took place from 23:42 to 1:26 the next day, after which validators halted transactions at tick 85,371,949. Qubic also said developers secured other at-risk funds before the attacker could move them. About 87.1% of the stolen QU remains on the paused Qubic network, while roughly 12.9% was sent to crypto exchange MEXC and frozen. Bitget has suspended QUBIC deposits and withdrawals. Whether victims will be compensated will be decided by Qubic’s Computor cluster, while QEARN staking was not affected.
Dogecoin rose more than 3% in March and traded near $0.097, snapping a five-month losing streak. Traders added long exposure, while $0.098 is now the main resistance to watch.
Qubic said its GitHub organization was hit by a security incident on Sunday after a compromised account was used to access code repositories and extract keys. The team said it had identified the issue and was already responding. The project urged Network Guardians to rotate their seed phrases immediately. It also told users who unlocked the web wallet between 11:00 and 18:00 today to migrate to a new identity without delay. Qubic added that developers should not pull or deploy code from its repositories until the project officially confirms that an audit has been completed. According to the team, incident details and follow-up updates will be posted in its official Discord channel, while a post-mortem report will be released after the response process is finished.
Qubic plans to try gaining more than 51% of Monero’s mining hashrate from Aug. 2, raising concerns over double-spending, censorship, and network trust. The episode could become a major stress test for both Monero and Qubic’s uPoW model.
