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Circle and Tether froze $318K of Bitget hack funds, but most $387.5M loot in ETH remains unfrozen.

Market News
26 Sep 2026
Cointribune
View Source
Bearish
Circle and Tether froze $318K of Bitget hack funds, but most $387.5M loot in ETH remains unfrozen.

After the Bitget hack stole $387.5 million, Circle and Tether froze about $318,000 in stablecoins from one hacker address. However, the majority of the stolen funds, over 63,000 ETH worth around $170 million, remain unfrozen as no issuer can block Ethereum's native currency. The frozen amount is less than 0.1% of the total stolen. Authorities continue tracking the ETH for possible interception during conversion or deposits on platforms, while Bitget suspends withdrawals and prepares a full technical report.

Tether (USDT) maintains a substantial market cap of Rp3.290,48 trillion and a 24-hour trading volume of Rp1.381,63 trillion on Pluang as of Sep 26, 2026, 15:21 WIB. Despite the Bitget hack involving $387.5 million, only a tiny fraction of stablecoins, about $318,000, were frozen by Circle and Tether. On Pluang, USDT price shows a slight 1-day decline of 0.06%, with order activity leaning 67% Sell and 33% Buy, reflecting ongoing market dynamics around stablecoins amid security concerns.

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