Qubic has restarted its blockchain following a $1.4 million hack and opened a recovery claims process for affected users.
The network's validators approved a recovery plan, according to CoinTelegraph. Claims remain open until May 1, 2027, giving users a window to report losses and seek restitution from the recovery mechanism.
The hack represented a significant disruption to Qubic operations, necessitating a full blockchain restart. Rather than abandoning the network, validators opted for a structured recovery approach. The approved plan establishes procedures for users to file claims for stolen or lost funds through the designated claims window.
The extended deadline of May 1, 2027 provides a roughly five-month period for affected parties to document and submit recovery claims. This timeframe suggests a methodical process designed to verify losses and determine eligible recoveries.
Qubic's decision to restart and implement a recovery mechanism reflects a community-driven response to the security breach. The validator approval process indicates coordination among network participants to restore confidence and functionality following the incident.
The specifics of how recovered funds will be distributed or which losses qualify for compensation remain tied to the details of the approved recovery plan. Users experienced in blockchain hacks and recoveries will recognize this approach as similar to other network restarts following major security events, though the individual parameters vary by protocol.