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Crypto DeFi

Qubic restarts blockchain, opens recovery claims after $1.4M hack

Qubic’s validators approved a recovery plan and restarted the network’s blockchain after a $1.4 million hack, with recovery claims now open until May 1, 2027. The move follows the validator vote to adopt the plan, giving affected users a window of nearly two years to file claims.

Original source

AI take

A validator-approved restart with a long claims window is a governance-driven recovery, not a market-driven one — the network's continuity now depends on how credibly that process handles affected users. The nearly two-year filing period signals the team expects a slow, evidence-based reconciliation, which may keep uncertainty alive for holders longer than a quick snapshot-and-refund would. The open question is whether the recovery plan's credibility holds as claims are processed, and whether validator coordination of this kind becomes a template or a cautionary tale for other networks facing similar exploits.

Generated by AI for reference only.

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