Qubic Exploit Drains 1,404 Wallets and Freezes 87.1% of QUBIC
The attack targeted wallet seed generation rather than the Qubic protocol, while exchange freezes and a software patch limit further movement.
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The attack targeted wallet seed generation rather than the Qubic protocol, while exchange freezes and a software patch limit further movement.
Recovery funding has no disclosed amount or payment timetable, and Zano has yet to publish eligibility rules or a claims process.
The phased reopening follows the largest reported crypto theft of the year, with Bitget saying its 5,500 BTC User Protection Fund will cover losses.
The on-chain trail is live: a known exploit wallet converted stablecoin proceeds into ETH at $1,764 average and is actively mixing through Tornado Cash, making recovery increasingly unlikely.
BTC is off nearly 3% from Monday's high even as Nasdaq 100 futures extend gains — a fresh $36M Humanity Protocol exploit is doing the narrative work for the 'no second best' crowd.