Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away

31 outlets reporting

Your call?🐂 Bullish🐻 Bearish

$318,000

stablecoins frozen

$USDC

$75.26B mcap

$USDT

$183.74B mcap

$ETH

$2,692

-0.2%

The two stablecoin issuers blacklisted a wallet labeled "Bitget Exploiter 8," locking about $318,000 in USDC and USDT—but the attacker swapped most funds into unfreezable ETH before they could act.