Qubic Network Recovers 87% of Stolen Funds After October Hack
A swift response by the Qubic network and MEXC exchange mitigated losses from a recent wallet exploit.
A swift response by the Qubic network and MEXC exchange mitigated losses from a recent wallet exploit. This is an original TLT brief based on reporting by Cointribune, with live market data added, as of Mon, 02 Nov 2026 01:15:02 UTC.
The incident highlights both the vulnerability of certain wallet generation methods and the effectiveness of coordinated response in limiting crypto theft impacts.
- 1,404 Qubic wallets were compromised on October 17-18.
- Network stopped 87.1% of stolen funds from being transferred.
- MEXC exchange blocked the attacker's account within an hour.
- Attack resulted from Apple device seed generation flaw.
On the night of October 17 to 18, an attacker exploited a vulnerability in Qubic wallet seed generation on Apple devices, compromising 1,404 wallets and stealing 2,940 billion QU.
In response, the Computors, the network's governing body, stopped the network, freezing 87.1% of the stolen funds in place. MEXC exchange also acted quickly, blocking the attacker's account within an hour to prevent further movement of the remaining funds.
The network resumed operations twelve days later, with 293 billion QU returned from the exchange to the chain. The first verified owners have begun to receive reimbursements for their losses.
The flaw was not in the Qubic protocol itself but in the seed generation process on certain Apple devices, affecting both compromised and intact wallets.
The total crypto market cap remains around $2.68T, with 
Bitcoin up 0.45% in the last 24 hours. The Fear & Greed index stands at 34, indicating a 'Fear' sentiment in the market.
Qubic Network Recovers 87% of Stolen Funds After October Hac — questions & answers
How did the Qubic network respond to the hack?
The network stopped operations to freeze 87.1% of the stolen funds and worked with MEXC to block the attacker's account.
What caused the Qubic wallet vulnerability?
The vulnerability stemmed from the seed generation process on certain Apple devices, affecting both compromised and intact wallets.
How much of the stolen funds were recovered?
87.1% of the stolen funds were frozen and 293 billion QU have been returned from the exchange to the chain.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cointribune. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.