Tether freezes 218,000 USDT linked to Bitget theft

  • Tether froze 218,000 USDT linked to funds stolen from Bitget.
  • Circle had frozen 100,000 USDC at a related address seven hours earlier.
  • The address linked to Bitget’s initial theft address after three transfers.

Tether froze 218,000 USDT held at an address linked to funds stolen from Bitget. The address was connected to Bitget’s initial theft address after three transfers. Circle had frozen 100,000 USDC at a related address seven hours earlier, while no notable fund movement was identified for more than two and a half hours after the address was discovered. The actions underscore how issuers can restrict transfers of centrally issued stablecoins when funds are tied to suspected theft.

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Tether freezes 218,000 USDT linked to Bitget theft - CoinPost Terminal