Qubic Wallets Hacked: 1,404 Wallets Drained in Under 2 Hours
Key Summary
Qubic's 24-hour price fell 5.2% after an attacker drained 1,404 wallets and validators halted the network, with 87.1% of stolen funds staying on the network
Precedent & Market Context
No historical context is available for Qubic.
Main Event
Qubic fell 5.2% over the past 24 hours to $0.0000004394 after an attacker drained 1,404 wallets and validators halted the network. The total crypto market declined 2.8% over the same window, so QUBIC fell nearly twice as hard.
Analysis & Market Impact
The attack was attributed to wallet seeds generated with insufficient randomness. Qubic traced the theft to seeds created in any browser on an iPhone or iPad before October 18, 2026, and seeds made with Safari on a Mac before that date. Seeds from the Qubic iOS app created before July 2025 were also affected. A fix in version 4.26. 4 stops any new weak seeds from being generated.
Implications & Outlook
Qubic's Computors coordinated a halt at tick 85,371,949, which stops all transactions and keeps the stolen funds locked in place. 87.1% of the drained funds stayed on its network. MEXC received the other 12.9% and froze the receiving account within roughly an hour. Exchanges have also suspended QUBIC deposits and withdrawals.