🚨 $351.6M stolen… but part of the loot just hit a wall.

Circle and Tether froze about $318K in USDC and USDT linked to the Bitget hack.

But here’s the catch: most of the stolen funds are in ETH - and ETH can’t simply be frozen by an issuer.

🔒 Stablecoins: controllable
⚡ ETH: no issuer freeze button

The Bitget hack is raising serious questions about how much control stablecoin issuers should have over stolen funds.

$RARE
$ENA
$TNSR

#crypto #bitcoin #Ethereum #USDT #USDC