CryptoHypeBuster

Qubic opens claims portal after wallet seed flaw exposes 1,404 accounts

Cryptopolitan · Wed, 21 Oct 2026 05:28:56 GMT

Hype 12/100 · Market impact 100/100 · Breaking 63/100

Qubic resumed blockchain tick processing at 20:00 UTC on October 19 and opened a claims portal for 1,404 wallets affected by a seed-generation flaw that drained $1.4 million in QU. The attacker took 2.94 trillion QU; the weakness was in seed generation, not the protocol, allowing the attacker to produce valid signatures. Claims are open until May 1, 2027, and a computor quorum, the group responsible for recovery decisions, will decide and implement those actions. Funds were transferred to a secure escrow wallet while the network was unavailable, and web wallets created before the October 19 version 4.26.4 update are insecure and should be replaced.

Read the full story on Cryptopolitan →