Timeline of Events

January 28, 2022 — The Hack

Exploit begins: Attacker calls deposit() on QBridge Ethereum contract with fake ETH deposits
qXETH minted on BSC: The bridge relayer, fooled by the fake events, mints qXETH tokens for the attacker on BSC
$80M drained: Attacker uses fake qXETH as collateral to borrow ~$80M in real assets from Qubit Finance lending pools
Qubit team notified: Team becomes aware of the ongoing exploit
Official Qubit tweet: Team publicly acknowledges the hack and asks hacker to contact them

Team offers the hacker a $250,000 bug bounty to return the stolen $80M
Major media outlets begin reporting:
- Bloomberg: “Hackers Seize $80 Million From Qubit in Latest DeFi Attack”
- CoinDesk: “DeFi Protocol Qubit Finance Exploited for $80M”
- CoinTelegraph, The Verge, ZDNet, The Register, and more
Team states they have reported to police in two locations — no case numbers ever shared
Team does not contact Binance security or other major exchanges/bridges to blacklist hacker wallet

Aaron Yooshin Kim (CTO) deletes his LinkedIn profile
Community notices and posts on Reddit about the deletion
No explanation given for why a senior executive would erase their professional presence during a crisis

Moderator @moleh systematically removes victims from the official Telegram group
Community members who contact the team with information about the hacker receive no response
Team does not establish any meaningful bounty for identifying the hacker
Victims begin organizing independently

Qubit Victims Alliance established
Telegram group created: @qbtvictims
Twitter/X account: @QV_Alliance
Victims appeal to CZ and Binance for help — no meaningful response
Arweave News publishes: “Inside The Struggle Of Qubit’s $90M Heist Victims With Mound Inc., A Binance-Endorsed Company”