Qubic Halts Network After $1.3M Wallet Drain

The halt itself is the tell: a coordinated stop implies the team believes the exposure is protocol-level rather than a single compromised key, which matters more than the headline loss. That most of the drained QU sits immobilized suggests the attacker's exit is constrained by Qubic's own architecture, while the MEXC freeze covers the off-network leg. Who this really affects is the broader set of holders whose liquidity is now paused, not just the victim. The open question is whether the halt is lifted with a credible accounting of how the drain happened, or whether immobilization turns into a prolonged freeze.