Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist
60-second summary
Circle and Tether freeze a wallet linked to the Bitget hack, blacklisting roughly $318,000 in USDT and USDC, while the majority of the stolen assets remain in unfrozen ether. The move demonstrates issuers’ growing willingness to intervene, yet highlights limitations against native blockchain tokens, suggesting continued risk and regulatory pressure on crypto security.
The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can't be frozen.