#CircleTetherFreezeBitgetHackerWallet
🚨 Circle & Tether Freeze Bitget Hacker Wallet 🚨
Major stablecoin issuers are stepping up! Circle and Tether have successfully blacklisted a wallet linked to the recent Bitget exploit, freezing approximately $318,000 in USDC and $USDT . According to on-chain data, Circle took the lead by freezing their tokens first, followed by Tether a few hours later.
However, this is only a tiny fraction of the massive $387.5 million estimated to have been stolen.
The Challenge: More than 63,000 $ETH remains untouched in other wallets controlled by the exploiter.
The Reality: Unlike centralized stablecoins, native assets like Ethereum (ETH) cannot be frozen by any single issuer, highlighting the fundamental difference between these two types of digital assets.
🚨 Circle & Tether Freeze Bitget Hacker Wallet 🚨
Major stablecoin issuers are stepping up! Circle and Tether have successfully blacklisted a wallet linked to the recent Bitget exploit, freezing approximately $318,000 in USDC and $USDT . According to on-chain data, Circle took the lead by freezing their tokens first, followed by Tether a few hours later.
However, this is only a tiny fraction of the massive $387.5 million estimated to have been stolen.
The Challenge: More than 63,000 $ETH remains untouched in other wallets controlled by the exploiter.
The Reality: Unlike centralized stablecoins, native assets like Ethereum (ETH) cannot be frozen by any single issuer, highlighting the fundamental difference between these two types of digital assets.
