Circle and Tether Freeze Stablecoins Linked to Bitget Hack, Though Most Funds Escaped

Stablecoin issuers Circle and Tether blacklisted a wallet identified as "Bitget Exploiter 8," successfully freezing approximately $318,000 in USDC and USDT. However, the attacker had already converted the majority of the stolen assets into ETH, which remains outside the reach of such freezing mechanisms.