#circletetherfreezebitgethackerwallet THE BITGET
HACK HAS A NEW UPDATE
After the reported $351.6M breach,
Circle and Tether froze about $318K in stablecoins in a wallet
linked to the attacker.
Bitget says attackers compromised a wallet
backend and used false transaction data to trigger transfers.
That is only a small fraction of the reported loss. Other linked wallets still held substantial ETH, which a stablecoin issuer cannot freeze.
The lesson is simple: recovering stolen crypto depends heavily on which asset the attacker holds.$PHAROS $PENGU $GWEI
HACK HAS A NEW UPDATE
After the reported $351.6M breach,
Circle and Tether froze about $318K in stablecoins in a wallet
linked to the attacker.
Bitget says attackers compromised a wallet
backend and used false transaction data to trigger transfers.
That is only a small fraction of the reported loss. Other linked wallets still held substantial ETH, which a stablecoin issuer cannot freeze.
The lesson is simple: recovering stolen crypto depends heavily on which asset the attacker holds.$PHAROS $PENGU $GWEI