Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist
The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can’t be frozen.
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The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can’t be frozen.
While Tether’s stated ceiling places its maximum exposure under $64 million, the incident underscores lingering counterparty risks in fiat gateway networks.
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