CroSat
blockchainOct 18, 2026AI summary

Qubic Pauses Network Following $1.3 Million Wallet Drain

Edited by Steinar Vigdel Kolnes, Editor, Oslo

Qubic says most of the drained QU is immobilized on its network, with MEXC freezing the account that received the remainder.

Qubic Pauses Network Following $1.3 Million Wallet Drain

Qubic halted its network after a wallet drain involving $1.3 million, according to The Defiant.

Qubic said 87.1% of the affected QU remains immobilized on the network. That status does not establish whether the funds have been recovered.

The remaining portion went to an account on MEXC, which the exchange froze. The source excerpt did not provide details about the cause of the drain or a timeline for restarting the network.

Source: The Defiant

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