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Circle and Tether freeze $318,000 linked to Bitget hack

  • Circle and Tether froze funds held at an address labeled "Bitget Exploiter 8".
  • 218,023 USDT and 99,990 USDC were frozen, worth approximately $318,000 combined.
  • Circle froze the funds at 05:00 UTC on September 25.

Circle and Tether blacklisted an address labeled "Bitget Exploiter 8" and froze 218,023 USDT and 99,990 USDC, worth approximately $318,000 combined. Circle took action at 05:00 UTC on September 25. USDT and USDC are dollar-pegged stablecoins, whose issuers can block identified addresses under their control.

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