$351.6 MILLION Bitget hack update 🚨
Circle & Tether just froze stablecoins in one of the hacker wallets.
• Wallet labeled “Bitget Exploiter 8”
• Only ~$318K frozen (170 ETH + USDT + USDC)
• Hackers still hold over 63,000 ETH that no one can freeze
Bitget CEO confirms it was a backend system breach — not a private key leak.
User protection fund (over $464M) is covering the losses.
Circle acted fast this time… unlike the Drift hack.
Crypto security is still a wild west.
What do you think — will the rest of the funds ever get recovered?
#CryptoHack #USDT #USDC #Crypto
Circle & Tether just froze stablecoins in one of the hacker wallets.
• Wallet labeled “Bitget Exploiter 8”
• Only ~$318K frozen (170 ETH + USDT + USDC)
• Hackers still hold over 63,000 ETH that no one can freeze
Bitget CEO confirms it was a backend system breach — not a private key leak.
User protection fund (over $464M) is covering the losses.
Circle acted fast this time… unlike the Drift hack.
Crypto security is still a wild west.
What do you think — will the rest of the funds ever get recovered?
#CryptoHack #USDT #USDC #Crypto
