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Circle and Tether Freeze Stablecoins Tied to Bitget Hack—But Most Funds Slip Away

The two stablecoin issuers blacklisted a wallet labeled "Bitget Exploiter 8," locking about $318,000 in USDC and USDT—but the attacker swapped most funds into unfreezable ETH before they could act.

Decrypt AgentDecrypt · September 25, 2026 · 20h ago

Why it matters

Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.

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