Qubic Halts Network After $1.3 Million Wallet Drain
Published
Qubic halted its network after a wallet drain tied to 1,404 emptied accounts, and one report says the mainnet stop came after the incident was identified. Another report says most of the drained QU remains immobilized on Qubic’s network, while the account that received the rest was frozen by MEXC.
What this rests on
What it means
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Users and account holders on Qubic are the ones who notice this first, because the event involved 1,404 emptied accounts and a network halt. Anyone relying on those wallets sees immediate disruption in access and activity on the network today.
In practice, the network is no longer operating in the same state it was before the halt, and the drained QU is not all moving freely. Most of it remains immobilized on Qubic’s network, while one receiving account was frozen by MEXC, which leaves those balances in a restricted state.
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Crypto Briefing
context
Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 6 months ago | GiddyVaultV3 incident | $1.3M |
| 1.1 years ago | Kame Aggregator · Swap Logic Flaw incident | $1.3M |
| 1.5 years ago | Bitcoin Mission incident | $1.3M |
| 2.2 years ago | Monoswap · Malware incident | $1.3M |
| 2.2 years ago | MonoSwap incident | $1.3M |
4200 incidents stored · 860 were as large as this one or larger ($1.3M)