Qubic Mainnet Suspended Following Major Wallet Exploit
What happened
Qubic halted its mainnet on October 18, 2026, after an exploit drained 1,404 wallets of approximately 2.94 trillion QU tokens.
The Context
- Vulnerability Origin: The exploit stemmed from weak wallet seed generation on legacy Apple devices and early iOS applications.
- Immediate Action: Validators froze 87.1% of the stolen QU on-chain and initiated a recovery process for affected users.
- Market Impact: Exchanges MEXC and Bitget suspended trading activities, affecting the liquidity of QU tokens.
The Number
wallets were drained in the exploit, highlighting the critical need for robust security measures in crypto transactions.
Takeaway
As Qubic resumes operations with a patched client, ongoing vigilance in wallet security will be essential for all users.
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