Qubic restarts blockchain after $1.4M hack, opens recovery claims until May 2027

Qubic has restarted its layer-1 blockchain and begun returning funds to verified wallet owners after a seed-generation vulnerability allowed an attacker to drain approximately $1.4 million in QU tokens from 1,404 accounts. Summary Qubic has resumed blockchain operations after a wallet vulnerability led to approximately $1.4 million in stolen QU tokens. The project’s Computor quorum approved a recovery arrangement, and Qubic says initial funds have reached verified owners. The October attack affected 1,404 wallets and involved approximately 2.94 trillion QU. Users who created web wallets before version 4.26.4 must generate new wallets, even if their balances were untouched. Affected holders can file recovery claims until May 1, 2027, using the project’s official portal. In an October 20 recovery announcement on X, Qubic said its Computor quorum approved the recovery arrangements, allowing the network to resume normal operations and opening a claim process for affected users. Initial funds had already been returned, although the project did not disclose how much had been paid or how many claims were approved. The Qubic network is live again.The Computor quorum approved the recovery, ...