Imagine stealing $6.3 billion and finding out half of it doesn't work.
Tether froze more than 1.567 billion USDT tied to the hack, and Ripple froze about $200 million. Around $3 billion in stolen assets is frozen on-chain so far.
That's why the hacker rushed to swap into ETH. Stablecoins move fast, but their issuers can stop them. ETH can't be frozen the same way.
Tether froze more than 1.567 billion USDT tied to the hack, and Ripple froze about $200 million. Around $3 billion in stolen assets is frozen on-chain so far.
That's why the hacker rushed to swap into ETH. Stablecoins move fast, but their issuers can stop them. ETH can't be frozen the same way.
