Qubic restarts network and initiates fund recovery, 1404 wallets stolen $1.4 million QU

Layer-1 blockchain Qubic restarts network and initiates fund recovery process. Previously, approximately $1.4 million worth of QU tokens were stolen from 1404 wallets due to vulnerabilities. The network validator Computors has approved a recovery plan, and affected users can submit their applications before May 1, 2027. The Qubic network resumed processing ticks on October 20th at 4:00 am (UTC+8). Qubic recommends creating a new wallet and transferring funds using version 4.26.4 or higher.