Qubic Loses $1.3 Million in Wallet Raid Before Network Halts

Qubic validators paused the mainnet following a raid that emptied 1,404 wallets of 2.94 trillion QU, valued at $1.3 million. The theft resulted from predictable wallet seeds in older Apple devices and browsers rather than blockchain vulnerabilities. While some stolen tokens remain trapped on the paused network, others were frozen by MEXC. This incident emphasizes critical vulnerabilities in third-party wallet software and the urgent need for enhanced security measures within decentralized networks to restore user trust.