Qubic's blockchain has been restarted after a $1.4 million hack, allowing the network to continue operations. A recovery plan was approved by the network's validators, paving the way for the reboot. The plan aims to rectify the financial impact of the hack, which was a major setback for the network. The network's validators have now opened a claims period, set to run until May 1, 2027. This will enable affected users to file claims and seek compensation for losses incurred.
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The hack, which resulted in significant financial losses for users, has been a major concern for the Qubic community. The recovery plan and reboot are seen as crucial steps towards rebuilding trust and ensuring the network's long-term viability.
