Circle and Tether Freeze Stablecoins After Bitget Hack

2026-09-27

Circle and Tether have blacklisted stablecoins linked to a recent Bitget hack. The issuers froze approximately $318,000 in USDC and USDT, but the attacker reportedly converted most of the funds to Ethereum before the action.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Circle and Tether froze approximately $318,000 in USDC and USDT linked to a Bitget hack. The issuers blacklisted a wallet, but the attacker reportedly converted most funds to Ethereum before the freeze.

Key facts

Circle and Tether froze digital assets associated with a recent breach at Bitget.
The companies blacklisted a wallet identified as "Bitget Exploiter 8".
Approximately $318,000 in USDC and USDT were immobilized.
The alleged perpetrator reportedly converted the majority of the stolen funds into Ether before the stablecoin freeze.
The incident highlights challenges in tracking and recovering cryptocurrency funds after security incidents.

Source: Decrypt

Reported by VERA Newswire.