🚨 JUST IN: Circle ($USDC) & Tether ($USDT) Freeze Bitget Hacker's Wallet
Centralized stablecoin issuers take action! Circle and Tether have frozen the wallet linked to the Bitget hack, preventing the hacker from moving stolen funds.
What happened:
Bitget exploit funds were tracked on-chainIssuers used their blacklist function to freeze $USDT & $USDC in hacker's walletFunds are now locked and cannot be cashed out
Why this is important for crypto:
This shows the double-edged sword of centralized stablecoins:
✅ Pro: Hackers can be stopped, user funds can be protected
⚠️ Con: Raises questions about decentralization & censorship
But for exchange security, this is a WIN. It proves that the industry can collaborate quickly to protect users.
Centralization for protection — do you support this freeze power?
#Tether #Circle #USDC #USDT #Bitget #HackAlert #CryptoSecurity #BinanceFeed #OnChain#circletetherfreezebitgethackerwallet
Centralized stablecoin issuers take action! Circle and Tether have frozen the wallet linked to the Bitget hack, preventing the hacker from moving stolen funds.
What happened:
Bitget exploit funds were tracked on-chainIssuers used their blacklist function to freeze $USDT & $USDC in hacker's walletFunds are now locked and cannot be cashed out
Why this is important for crypto:
This shows the double-edged sword of centralized stablecoins:
✅ Pro: Hackers can be stopped, user funds can be protected
⚠️ Con: Raises questions about decentralization & censorship
But for exchange security, this is a WIN. It proves that the industry can collaborate quickly to protect users.
Centralization for protection — do you support this freeze power?
#Tether #Circle #USDC #USDT #Bitget #HackAlert #CryptoSecurity #BinanceFeed #OnChain#circletetherfreezebitgethackerwallet
