Qubic Blames Weak Wallet Seeds for Theft as Network Stays Halted

Qubic has halted its network after a major wallet theft, blaming weak wallet seed generation for the losses as most of the stolen funds remain frozen.

Qubic is pushing back on hack claims. Qubic attributes the theft to weak wallet seed generation.

The network remains halted as Qubic deals with the theft. Most of the stolen funds remain frozen.

Freezing assets does not, by itself, return them to the affected wallet holders.