🚹 Circle and Tether froze $318K in USDC/USDT linked to the Bitget hack wallet, but most funds had already moved into ETH—bypassing the freeze.
This shows stablecoin controls can lag behind fast on-chain swaps, limiting real-time impact.
Liquidity may shift toward less traceable assets during exploits.
How effective are freezes if funds move faster than enforcement?
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