Circle and Tether Freeze $318,000 in Stolen Assets Following Bitget Hack

Circle and Tether blacklisted a wallet address containing approximately $318,000 in USDC and USDT linked to the Bitget hack. The exchange reported the incident on September 24, 2026, estimating total losses at $387.5 million across multiple networks. This rapid intervention marks a shift in policy for stablecoin issuers, who previously required formal legal requests to freeze assets, as seen in the 2026 Drift Protocol exploit.