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Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist

CS
CoinDesk Staff
(02:41 PM UTC)
1 min read
JM
Verified byJames Mitchell
Circle and Tether freeze hacker's stablecoin (Etherscan)

Summary

  • Circle and Tether froze a Bitget exploiter wallet holding about $318,000 in stablecoins after Thursday's $351.6 million hack.
  • The freeze covers only a small part of the stolen funds. Other exploiter addresses still hold more than 63,000 ETH, which no issuer can freeze.
  • Circle acted faster this time than after April's Drift hack, when…

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CoinDesk Staff · CoinDesk

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